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SUMMARY OF FINDINGS
The trend series for the value of total commercial finance commitments rose 0.9% in February 2008 compared with January 2008. This was due to a rise in fixed lending commitments (up 1.7%), while revolving credit commitments fell 0.7%.
The seasonally adjusted series for the value of total commercial finance commitments fell 10.4% in February 2008. This decrease was due to a fall in both fixed lending commitments (down 13.8%) and revolving credit commitments (down 2.8%).
The value of purchases of dwellings by individuals for rent or resale (trend) fell 1.2% in February 2008, after a decrease of 1.3% in January 2008. The seasonally adjusted series fell by 4.5% in February 2008.
The value of lease finance commitments (trend) showed no movement in February 2008. The seasonally adjusted series for lease finance commitments fell by 4.4%.
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