From next month onwards the industrial categories used in this release will be updated to be consistent with the SIC 2007 classification. Further details of this classification can be found on the Office for National Statistics website at http://www.statistics.gov.uk/methods_quality/sic/downloads/sic2007explanatorynotes.pdf.

Total all currency deposits from other financial corporations (OFCs) fell by £39.8bn in December. The decline was driven by the other auxiliary activities category (-£37.0bn), and mortgage & housing credit corporations (-£3.0bn). Deposits from non-financial corporations (NFCs) rose £7.4bn. Increased deposits from manufacturing (+£3.2bn), wholesale and retail trade (+£2.9bn), real estate (+£2.4bn), and mining and quarrying (+£2.4bn) were partly offset by the fall in deposits from public administration and defence (-£2.3bn) and legal, accountancy, business consultancy and other (-£1.6bn).

Total all currency lending to OFCs fell by £33.0bn. The decline was driven by falls in the other financial intermediaries category (-£11.3bn), other auxiliary activities (-£6.6bn), and securities dealers (-£6.1bn). Lending to NFCs declined by £6.3bn, largely driven by manufacturing
(-£2.6bn) and real estate (-£1.8bn).