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.


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United Kingdom Consumer Credit

Actual Previous Highest Lowest Dates Unit Frequency
1218.00 653.00 2244.00 -1173.00 1993 - 2019 GBP Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 09:30 AM Sep £0.828B £0.969B £0.9B £0.88B
2019-11-29 09:30 AM Oct £1.326B £0.785B £0.9B £1.0B
2020-01-03 09:30 AM Nov £0.563B £1.339B £1B £1.2B
2020-01-31 09:30 AM Dec £1.218B £0.653B £0.9B £ 0.85B
2020-03-02 09:30 AM Jan £1.218B £1.0B
2020-03-30 08:30 AM Feb
2020-05-01 08:30 AM Mar 665
2020-06-02 08:30 AM Apr
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News Stream
UK Consumer Credit Growth Above Estimates
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).
2020-01-31
UK Consumer Credit Rises the Least Since 2013
Consumer credit in the United Kingdom increased by GBP 0.563 billion in November of 2019, missing market expectations of a GBP 1.0 billion gain and following an upwardly revised GBP 1.339 billion rise in the previous month. It was the smallest gain in consumer credit since November of 2013. Credit card lending fell 0.2 percent, after a 0.6 percent advance in October while other loans rose 0.4 percent, easing from a 0.6 percent gain. Year over year, consumer credit growth slowed to 5.7 percent from a 6.1 percent rise October. Credit card lending advanced 3.9 percent (from 4.7 percent in October) and other loans and advances went up 6.6 percent (from 6.8 percent in October).
2020-01-03
UK Consumer Credit Growth Above Forecasts
Consumer credit in the United Kingdom increased by GBP 1.326 billion in October 2019, following a downwardly revised GBP 0.785 billion rise in the previous month and above market expectations of GBP 0.9 billion. Credit card lending advanced by 0.5 percent, faster than a 0.1 percent gain in September and other loans advanced went up 0.6 percent, after a 0.4 percent in the prior month. On a yearly basis, consumer credit rose 6.1 percent, following a 5.9 percent in September, the first increase in the annual growth since June last year. Credit card lending went up 4.7 percent (from 4.4 percent in September); and other loans and advanced increased 6.8 percent (vs 6.7 percent in September).
2019-11-29
UK Consumer Credit Growth Slows to 5-Year Low
Consumer credit in the United Kingdom rose by GBP 0.828 billion in September 2019, less than an upwardly revised GBP 0.969 billion gain in the previous month and lower than market expectations of GBP 0.900 billion. It was the smallest monthly increase since March. Credit card lending edged up 0.2 percent, the same as in August and other loans and advanced rose 0.5 percent, also the same as the prior month. On a yearly basis, consumer credit increased 6 percent, the weakest annual growth since July 2014 and down from 6.1 percent in August. Credit card lending advanced 4.4 percent (vs 4.8 percent in August) and other loans and advances went up 6.8 percent (the same as in August).
2019-10-29

United Kingdom Consumer Credit
Consumer credit (excluding student loans) is defined as borrowing by UK individuals to finance current expenditure on goods and/or services excluding loans issued by the Student Loans Company. Consumer credit (excluding student loans) is split into two components; credit card lending and ‘other’ lending (mainly overdrafts and other loans/advances).