Consumer credit in the United Kingdom increased by GBP 0.563 billion in November of 2019, missing market expectations of a GBP 1.0 billion gain and following an upwardly revised GBP 1.339 billion rise in the previous month. It was the smallest gain in consumer credit since November of 2013. Credit card lending fell 0.2 percent, after a 0.6 percent advance in October while other loans rose 0.4 percent, easing from a 0.6 percent gain. Year over year, consumer credit growth slowed to 5.7 percent from a 6.1 percent rise October. Credit card lending advanced 3.9 percent (from 4.7 percent in October) and other loans and advances went up 6.6 percent (from 6.8 percent in October).
Consumer Credit in the United Kingdom averaged 948.68 GBP Million from 1993 until 2019, reaching an all time high of 2244 GBP Million in January of 2005 and a record low of -1175 GBP Million in August of 2009. 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. source: Bank of England
Consumer Credit in the United Kingdom is expected to be 584.50 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 712.86 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 931.18 GBP Million in 2020, according to our econometric models.