Consumer credit in the United Kingdom decreased by GBP 0.5 billion in March of 2021, following a GBP 1.2 billion drop in the previous month and matching market expectations. Consumers repaid net GBP 0.4 billion on credit cards and GBP 0.3 billion on other forms of consumer credit. However, this is smaller than seen on average each month over the past year (GBP 1.9 billion). Compared to the same month a year ago, the credit fell by 8.6 percent. source: Bank of England
Consumer Credit in the United Kingdom averaged 845.86 GBP Million from 1993 until 2021, reaching an all time high of 2251 GBP Million in January of 2005 and a record low of -7223 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 May of 2021.
Consumer Credit in the United Kingdom is expected to be -774.33 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 -556.40 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around -891.01 GBP Million in 2022 and -906.16 GBP Million in 2023, according to our econometric models.