Consumer credit in the United Kingdom rose by GBP 0.549 billion in March of 2019, following an upwardly revised GBP 1.229 billion gain in the previous month and missing market expectations of a GBP 1 billion increase. Credit card lending rose 0.4 percent, slower than a 0.7 percent advance in February and other loans advances went up 0.2 percent, easing from a 0.5 percent rise. Consumer Credit in the United Kingdom averaged 935.16 GBP Million from 1993 until 2019, reaching an all time high of 2242 GBP Million in January of 2005 and a record low of -1172 GBP Million in August of 2009.
Consumer Credit in the United Kingdom is expected to be 1470.84 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 584.50 in 12 months time. In the long-term, the United Kingdom Consumer Credit is projected to trend around 724.98 GBP Million in 2020, according to our econometric models.