Consumer credit in the United Kingdom increased by GBP 1.425 billion in July of 2022, easing from the downwardly revised GBP 1.772 billion in the prior month and missing analysts’ expectations of a GBP 1.5 billion increase. It was above the 12-month pre-pandemic up to February 2020 of GBP 1 billion. Consumers borrowed GBP 0.7 billion on credit cards and another GBP 0.7 billion through other loans and advances. The annual growth rate for all consumer credit stood at 6.9 percent, picking up from the upwardly revised 6.6 percent in June. source: Bank of England
Consumer Credit in the United Kingdom averaged 854.56 GBP Million from 1993 until 2022, reaching an all time high of 2349 GBP Million in March of 2016 and a record low of -7417 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 September of 2022.
Consumer Credit in the United Kingdom is expected to be 379.88 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Consumer Credit is projected to trend around 995.99 GBP Million in 2023 and 999.97 GBP Million in 2024, according to our econometric models.