Consumer credit in the United Kingdom edged down GBP 0.086 billion in June of 2020, following a GBP 4.542 billion fall in May and compared to market expectations of a GBP 2 billion decrease, as the coronavirus pandemic continued weighing on spending. Credit card lending fell by GBP 0.25 billion while other loans and advances went up by GBP 0.16 billion. The weakness in consumer credit net flows in recent months meant that the annual growth rate was -3.6%, the weakest since the series began in 1994.
Consumer Credit in the United Kingdom averaged 891.07 GBP Million from 1993 until 2020, reaching an all time high of 2248 GBP Million in January of 2005 and a record low of -7425 GBP Million in April of 2020. This page provides the latest reported value for - United Kingdom Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Consumer Credit - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Bank of England
Consumer Credit in the United Kingdom is expected to be 722.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United Kingdom to stand at 1338.00 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 1283.00 GBP Million in 2021 and 1309.00 GBP Million in 2022, according to our econometric models.