Saturday, 2 January 2016

UK Private Debt Levels - Q3 2015

The relative debt level for the UK look like this:
Relative deleveraging across all sectors has stopped this quarter. Everybody has put on more debt than GDP growth. In particular the household sector continues to grow its debt more than GDP - albeit slowly.

Source: Office of National Statistics. Private sector debt based on tables NLBC, NKZA, NNQC, NNRE, NNXM, NNWK, NLSY, NLUA, NJCS and NJBQ (Lending and securities per sector, not seasonally adjusted) scaled by BKTL (Gross domestic product at market prices, not seasonally adjusted). Data and calculations are available online