Consumer credit in the United Kingdom increased by GBP 1.218 billion in December of 2019, beating market expectations of a GBP 0.9 billion gain and following an upwardly revised GBP 0.653 billion rise in the previous month. Credit card lending increased 0.6 percent, after dropping 0.2 percent in November and other loans went up 0.5 percent, the same pace as in the previous month. Year-on-year, consumer credit growth rose to 6.1 percent from an upwardly revised 5.9 percent in November. Credit card lending surged 4.5 percent (from 3.9 percent in November) and other loans advanced 6.9 percent (the same pace as in November).
Consumer Credit in the United Kingdom averaged 950.74 GBP Million from 1993 until 2019, reaching an all time high of 2244 GBP Million in January of 2005 and a record low of -1173 GBP Million in August of 2009. 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. source: Bank of England
Consumer Credit in the United Kingdom is expected to be 665.00 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 1230.00 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 1247.00 GBP Million in 2021 and 1270.00 GBP Million in 2022, according to our econometric models.