Consumer credit in the United Kingdom rose by GBP 0.942 in April 2019, following an upwardly revised GBP 0.631 billion increase in the previous month and below market expectations of a GBP 0.978 billion gain. Credit card lending advanced 0.3 percent, slowing from a 0.4 percent rise in March and other loans advances went up 0.7 percent, faster than a 0.2 percent increase. Year over year, consumer credit growth eased to 5.9 percent from 6.4 percent in March. Credit card lending rose 5.7 percent (from 6.6 percent in March) and other loans and advances went up 6.0 percent (from 6.3 percent in March). Consumer Credit in the United Kingdom averaged 935.31 GBP Million from 1993 until 2019, reaching an all time high of 2334 GBP Million in March of 2016 and a record low of -1169 GBP Million in August of 2009.
Consumer Credit in the United Kingdom is expected to be 1470.84 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 584.50 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 724.98 GBP Million in 2020, according to our econometric models.