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.

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United Kingdom Consumer Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 08:30 AM Jun £1.781B £0.903B £1B £ 0.9B
2022-08-30 08:30 AM Jul £1.425B £1.772B £1.5B £1.5B
2022-09-30 08:30 AM Aug £1.425B £1.4B £1.1B


Related Last Previous Unit Reference
Bank Lending Rate 3.25 2.75 percent Sep 2022
Net Lending to Individuals MoM 6476.00 7080.00 GBP Million Jul 2022
Consumer Credit 1425.00 1781.00 GBP Million Jul 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
1425.00 1781.00 2349.00 -7417.00 1993 - 2022 GBP Million Monthly
SA

News Stream
UK Consumer Credit Growth Misses Expectations
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.
2022-08-30
UK Consumer Credit Growth Rises in June
Consumer credit in the United Kingdom increased by GBP 1.781 billion in June of 2022, picking up from an upwardly revised GBP 0.903 billion in the prior month and surpassing analysts’ expectations of a GBP 1 billion increase. It was above the 12-month pre-pandemic average up to February 2020 of GBP 1 billion. Consumer borrowed GBP 1 billion on credit cards and another GBP 0.9 billion through other forms of consumer loans and advances. The annual growth rate for all consumer credit stood at 6.5 percent in June, up from an upwardly revised 5.8 percent rise in May.
2022-07-29
UK Consumer Credit Growth Eases in May
Consumer credit in the United Kingdom increased by GBP 0.844 billion in May of 2022, following a downwardly revised GBP 1.377 billion gain in May, while analysts expected an increase of GBP 1.3 billion. It was slightly below the 12-month pre-pandemic average up to February 2020 of GBP 1.0 billion. Consumers borrowed GBP 0.4 billion on credit cards and another GBP 0.4 billion through other forms of consumer credit such as car dealership finance and personal loans. The annual growth rate for all consumer credit stood at 5.7 percent in May, unchanged from the previous period.
2022-07-01