Sunday, 22 December 2013

UK Sectoral Balances and Private Debt Levels - Q3 2013

The automatic stabilisers are still operating at full strain, with little overall change in government investment over the last few quarters
The household sector has dropped negative for the first time since 2009. The gross figures below tend to suggest that this is due to running down of saving rather than any increase in the take up of debt. The non-financial sector continues to save vast sums.

And the private debt levels:
The increase in GDP has brought down the ratio of debt to GDP across all the sectors.

Update: Bill Mitchell has a review of Q3 2013 over on his blog, which adds more detail.

Source: Office of National Statistics, tables RPZD, RPYN, RQAW, RPZT, RQCH, DJDS (Seasonally adjusted Net Lending/Borrowing per sector plus residual error) and YBHA (Gross domestic product at market prices, seasonally adjusted). Private sector debt based on tables J8XI, NLBC, NKZA, NNQC, NNRE, NNXI, NNXM, NNWK, J8XK, NLSY, NLUA, J8XM, NJCS, and NJBQ (Lending, securites and derivatives per sector, not seasonally adjusted) scaled by BKTL (Gross domestic product at market prices, not seasonally adjusted).