Tuesday, 29 September 2009

DATA SNAP:UK Corporate M4 Aug YY Rise Strongest Since Mar 08

LONDON (Dow Jones)--Holdings of M4 by U.K. companies posted the strongest annual rate of increase in more than a year in August, but growth in overall holdings of M4 weakened, painting a mixed picture of economic health.

Data from the Bank of England, released Tuesday, showed that corporate holdings of M4 broad money slipped 0.1% on the month, but rose 0.7% on the year, while household holdings lifted 0.6% on the month and 2.9% on the year.

The BOE's new series of overall M4, excluding intermediate other financial corporations whose practices distort the data, posted a 0.2% on the month rise, weaker than a downwardly revised 0.4% increase in July.

-By Natasha Brereton, Dow Jones Newswires, +44-20-7842-9254, natasha.brereton@dowjones.com

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(END) Dow Jones Newswires

September 29, 2009 04:50 ET (08:50 GMT)

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