Month Sterling (millions), Seasonally adjusted 1987-01-31 -31 1987-02-28 -19 1987-03-31 17 1987-04-30 6 1987-05-31 -18 1987-06-30 2 1987-07-31 22 1987-08-31 -7 1987-09-30 19 1987-10-31 -16 1987-11-30 14 1987-12-31 -9 1988-01-31 32 1988-02-29 15 1988-03-31 -45 1988-04-30 3 1988-05-31 16 1988-06-30 13 1988-07-31 -22 1988-08-31 -4 1988-09-30 -2 1988-10-31 -7 1988-11-30 -23 1988-12-31 7 1989-01-31 -20 1989-02-28 -5 1989-03-31 31 1989-04-30 -7 1989-05-31 -4 1989-06-30 -12 1989-07-31 -11 1989-08-31 14 1989-09-30 -17 1989-10-31 18 1989-11-30 -3 1989-12-31 -13 1990-01-31 17 1990-02-28 0 1990-03-31 4 1990-04-30 -17 1990-05-31 -5 1990-06-30 -4 1990-07-31 19 1990-08-31 3 1990-09-30 -3 1990-10-31 -1 1990-11-30 11 1990-12-31 7 1991-01-31 -9 1991-02-28 1 1991-03-31 -7 1991-04-30 8 1991-05-31 15 1991-06-30 4 1991-07-31 -21 1991-08-31 -12 1991-09-30 16 1991-10-31 -11 1991-11-30 -8 1991-12-31 -5 1992-01-31 -22 1992-02-29 5 1992-03-31 5 1992-04-30 15 1992-05-31 -11 1992-06-30 0 1992-07-31 20 1992-08-31 5 1992-09-30 -9 1992-10-31 14 1992-11-30 -13 1992-12-31 16 1993-01-31 16 1993-02-28 -1 1993-03-31 -9 1993-04-30 -5 1993-05-31 15 1993-06-30 -19 1993-07-31 21 1993-08-31 -15 1993-09-30 -5 1993-10-31 -8 1993-11-30 14 1993-12-31 -26 1994-01-31 12 1994-02-28 3 1994-03-31 -6 1994-04-30 13 1994-05-31 -10 1994-06-30 22 1994-07-31 -35 1994-08-31 -1 1994-09-30 21 1994-10-31 25 1994-11-30 9 1994-12-31 2 1995-01-31 4 1995-02-28 -13 1995-03-31 22 1995-04-30 -28 1995-05-31 -16 1995-06-30 2 1995-07-31 28 1995-08-31 22 1995-09-30 -28 1995-10-31 -30 1995-11-30 -4 1995-12-31 37 1996-01-31 18 1996-02-29 9 1996-03-31 -11 1996-04-30 -16 1996-05-31 13 1996-06-30 13 1996-07-31 -20 1996-08-31 -10 1996-09-30 12 1996-10-31 15 1996-11-30 -22 1996-12-31 -21 1997-01-31 -21 1997-02-28 2 1997-03-31 -25 1997-04-30 52 1997-05-31 3 1997-06-30 -51 1997-07-31 4 1997-08-31 -4 1997-09-30 9 1997-10-31 -21 1997-11-30 9 1997-12-31 3 1998-01-31 -18 1998-02-28 -7 1998-03-31 9 1998-04-30 4 1998-05-31 -9 1998-06-30 28 1998-07-31 -4 1998-08-31 -14 1998-09-30 -16 1998-10-31 3 1998-11-30 8 1998-12-31 -12 1999-01-31 10 1999-02-28 1 1999-03-31 9 1999-04-30 -38 1999-05-31 -9 1999-06-30 10 1999-07-31 0 1999-08-31 16 1999-09-30 1 1999-10-31 8 1999-11-30 -3 1999-12-31 -2 2000-01-31 25 2000-02-29 -4 2000-03-31 -16 2000-04-30 25 2000-05-31 20 2000-06-30 -17 2000-07-31 3 2000-08-31 10 2000-09-30 8 2000-10-31 4 2000-11-30 -2 2000-12-31 11 2001-01-31 -23 2001-02-28 1 2001-03-31 29 2001-04-30 -9 2001-05-31 -11 2001-06-30 8 2001-07-31 21 2001-08-31 -18 2001-09-30 -4 2001-10-31 -6 2001-11-30 9 2001-12-31 0 2002-01-31 -8 2002-02-28 9 2002-03-31 -5 2002-04-30 -5 2002-05-31 10 2002-06-30 -19 2002-07-31 -29 2002-08-31 17 2002-09-30 8 2002-10-31 2 2002-11-30 -4 2002-12-31 -17 2003-01-31 16 2003-02-28 -3 2003-03-31 -10 2003-04-30 5 2003-05-31 -2 2003-06-30 35 2003-07-31 13 2003-08-31 -2 2003-09-30 6 2003-10-31 19 2003-11-30 12 2003-12-31 40