Consumer credit in the United Kingdom increased by GBP 0.687 billion in December of 2018, missing market expectations of a GBP 0.8 billion gain and following an upwardly revised GBP 0.958 billion rise in November. It was the smallest gain in consumer credit since June of 2014 mostly due to weak flows of new lending. Year over year, consumer credit was up only 6.6 percent, the least in 4 years, compared to 7.2 percent recorded in November. Credit card lending went up 7.1 percent (vs 7.9 percent in November) and other loans and advances increased 6.4 percent (vs 6.8 percent in November). Consumer Credit in the United Kingdom averaged 934.11 GBP Million from 1993 until 2018, reaching an all time high of 2231 GBP Million in January of 2005 and a record low of -1185 GBP Million in August of 2009.

Consumer Credit in the United Kingdom is expected to be 1220.00 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 1210.00 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 1730.00 GBP Million in 2020, according to our econometric models.

United Kingdom Consumer Credit
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-29 09:30 AM BoE Consumer Credit £0.785B £1.215B £1.2B £1.5B
2018-11-29 09:30 AM BoE Consumer Credit £0.894B £0.852B £1B £1.4B
2019-01-04 09:30 AM BoE Consumer Credit £0.924B £0.754B £0.95B £ 1.2B
2019-01-30 09:30 AM BoE Consumer Credit £0.687B £0.958B £0.8B £1.0B
2019-03-01 09:30 AM BoE Consumer Credit £0.687B
2019-03-29 08:30 AM BoE Consumer Credit
2019-05-01 08:30 AM BoE Consumer Credit £ 1.2B


United Kingdom Consumer Last Previous Highest Lowest Unit
Consumer Confidence -14.00 -14.00 10.00 -39.00 Index Points [+]
Retail Sales MoM 1.00 -0.70 2.90 -3.50 percent [+]
Retail Sales YoY 4.20 3.10 9.00 -3.90 percent [+]
Consumer Spending 337646.00 336282.00 337646.00 68903.00 GBP Million [+]
Disposable Personal Income 340827.00 340475.00 340973.00 66638.00 GBP Million [+]
Personal Savings 4.30 4.50 15.20 -0.90 percent [+]
Bank Lending Rate 1.75 1.75 18.00 1.25 percent [+]
Consumer Credit 687.00 958.00 2231.00 -1185.00 GBP Million [+]
Gasoline Prices 1.58 1.55 2.22 0.92 USD/Liter [+]
Households Debt To GDP 86.30 86.10 95.90 28.70 percent of GDP [+]
Consumer Confidence Current Conditions -25.00 -20.00 7.00 -82.00 [+]
Consumer Confidence Economic Expectations -23.00 -21.00 20.00 -52.00 [+]
Consumer Confidence Financial Expectations 0.00 4.00 15.00 -18.00 [+]
Consumer Confidence Major Purchases Expectations 1.00 9.00 31.00 -43.00 [+]


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). 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
687.00 958.00 2231.00 -1185.00 1993 - 2018 GBP Million Monthly




Country Last Previous
Australia 2802.59 Dec/18
Brazil 1790980.00 Dec/18
Canada 619914.00 Dec/18
China 371852.08 Dec/18
Euro Area 686014.58 Dec/18
France 1398540.00 Dec/18
Germany 233662.00 Dec/18
Indonesia 2366154.00 Dec/18
Italy 102518.02 Dec/18
Japan 332525.00 Sep/18
Mexico 1383863.60 Sep/18
Netherlands 15948.00 Sep/18
Russia 14790659.00 Dec/18
South Korea 1514376.90 Sep/18
Spain 648306635.00 Sep/18
Switzerland 869783.00 Nov/18
Turkey 509010058.00 Jan/19
United Kingdom 687.00 Dec/18
United States 16.55 Dec/18


Related

Latest