Oscar Fransson published the former CreditSquare’s second-quarter reading on 29 September 2015. UK SME credit activity was close to the 50-point neutral level. Availability remained well above it.
Scores for the three months to June
| Quarter | Credit activity | Credit availability |
|---|---|---|
| Q2 2015 | 52.8 | 69.4 |
Borrower surveys helped explain the change from Q1. Fewer respondents said they had applied for loans or planned to apply soon. At the same time, measures of net lending stayed positive. The release said the Bank of England measure had risen too little to count as expansion under the index rules.
Survey responses from lenders and borrowers supported the availability score. The quantitative availability indicators, which included interest rates, had moved to neutral overall. Even in one quarter, survey evidence and financial data could point in different directions.
The Q4 release records a later divergence between the two scores.
Sources and further reading
- Historical CreditSquare page (Wayback Machine) — checked 2026-11-08