Consumer credit in the United Kingdom increased by GBP 0.844 billion in May of 2022, following a downwardly revised GBP 1.377 billion gain in May, while analysts expected an increase of GBP 1.3 billion. It was slightly below the 12-month pre-pandemic average up to February 2020 of GBP 1.0 billion. Consumers borrowed GBP 0.4 billion on credit cards and another GBP 0.4 billion through other forms of consumer credit such as car dealership finance and personal loans. The annual growth rate for all consumer credit stood at 5.7 percent in May, unchanged from the previous period. source: Bank of England
Consumer Credit in the United Kingdom averaged 850.28 GBP Million from 1993 until 2022, reaching an all time high of 2349 GBP Million in March of 2016 and a record low of -7417 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 July of 2022.
Consumer Credit in the United Kingdom is expected to be 385.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Consumer Credit is projected to trend around 1032.00 GBP Million in 2023 and 1049.00 GBP Million in 2024, according to our econometric models.