Activity and Availability of Credit in Q2 2015
CreditSquare is pleased to present the Q2 2015 reading of our Credit Activity and Availability indices for UK SMEs.
In the second quarter of 2015 availability remained expansive whilst activity stayed stable compared to the previous quarter.
– Quantitative availability readings come in neutral on aggregate compared to a strong expansive reading in Q1 2015. This was mainly caused by higher average interest rates, as reported to the BoE
– The continued strength in the availability index is largely driven by data from lender and borrower surveys
– Net lending in Q2 2015 remained positive, both as measured by the BoE and the BBA, but net lending as measured by BoE was not substantial enough to register as expansion
– Activity as measured by borrower surveys went from being expansive in Q1 2015 to entering contraction in the second quarter. Fewer SME respondents applied for loans in the quarter, and a lower proportion indicated an immediate intention to do so
ACC Indices for Q2 2015:
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CreditSquare is an independent debt advisory firm focusing on credit solutions for established small- and medium sized businesses.
CreditSquare Ltd is an appointed representative of Talbot Capital Limited which is authorised and regulated by the Financial Conduct Authority.
For further information about our indices, please contact us:
Charles Thorburn, Cofounder & Index Editor
Björn Lindvall, Founder & CEO
Telephone: 020 3289 2176