Consumer Credit

The Consumer Credit released by the Bank of England is an amount of money that individuals borrowed in the previous month. It shows if consumers can afford large expenses, which can fuel economic growth. However, a high figure may also indicate that the economy is overheating, as consumers borrow in order to live beyond their means. A high reading is seen as positive for the GBP, whereas a low reading is seen as negative.

Most recent - Tuesday 2 April 2024 08:30

Previous
£1.877B
Revised
£1.77B
Forecast
£1.6B
Actual
£1.378B

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Tuesday 30 April 2024 08:30

Previous
£1.378B
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Consumer Credit yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Consumer Credit was £1.378B against a forecast of £1.6B.

Past events

Date
Forecast
Actual
Tuesday 2 April 2024 08:30
£1.6B
£1.378B
Thursday 29 February 2024 09:30
£1.6B
£1.877B
Tuesday 30 January 2024 09:30
£1.35B
£1.197B
Thursday 4 January 2024 09:30
£1.4B
£2.005B
Wednesday 29 November 2023 09:30
£1.5B
£1.289B
Monday 30 October 2023 09:30
£1.4B
£1.391B
Friday 29 September 2023 08:30
£1.3B
£1.644B
Wednesday 30 August 2023 08:30
£1.3B
£1.191B
Monday 31 July 2023 08:30
£1.3B
£1.661B
Thursday 29 June 2023 08:30
£1.5B
£1.144B
Thursday 1 June 2023 08:30
£1.5B
£1.586B
Thursday 4 May 2023 08:30
£1.2B
£1.574B
Wednesday 29 March 2023 08:30
£1.3B
£1.413B
Wednesday 1 March 2023 09:30
£0.8B
£1.597B
Tuesday 31 January 2023 09:30
£1.2B
£0.493B
Wednesday 4 January 2023 09:30
£0.9B
£1.507B
Tuesday 29 November 2022 09:30
£0.9B
£0.769B
Monday 31 October 2022 09:30
£0.978B
£0.745B
Friday 30 September 2022 08:30
£1.4B
£1.077B
Tuesday 30 August 2022 08:30
£1.5B
£1.425B
Friday 29 July 2022 08:30
£1B
£1.781B
Friday 1 July 2022 08:30
£1.3B
£0.844B
Tuesday 31 May 2022 08:30
£1.2B
£1.399B
Wednesday 4 May 2022 08:30
£1.3B
£1.303B
Tuesday 29 March 2022 08:30
£0.843B
£1.876B
Tuesday 1 March 2022 09:30
£1.05B
£0.608B
Tuesday 1 February 2022 09:30
£0.8B
£0.831B
Tuesday 4 January 2022 09:30
£0.8B
£1.233B
Monday 29 November 2021 09:30
£0.4B
£0.706B
Friday 29 October 2021 08:30
£0.45B
£0.231B
Wednesday 29 September 2021 08:30
£0.3B
£0.351B
Tuesday 31 August 2021 08:30
£0.441B
£-0.042B
Thursday 29 July 2021 08:30
£0.421B
£0.308B
Tuesday 29 June 2021 08:30
£0.24B
£0.28B
Wednesday 2 June 2021 08:30
£0.5B
£-0.377B
Tuesday 4 May 2021 08:30
£-0.5B
£-0.535B

Economic context

Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Consumer Credit result:

PreviousLatest
S&P Global/CIPS Composite PMIBullish change52.854
S&P Global/CIPS Manufacturing PMIBearish change50.348.7
S&P Global/CIPS Services PMIBullish change53.154.9
Retail Sales (MoM)Bearish change0.1%0%
Retail Sales (YoY)Bullish change-0.3%0.8%
Retail Sales ex-Fuel (MoM)Bearish change0.3%-0.3%
Retail Sales ex-Fuel (YoY)Bullish change-0.4%0.4%
Consumer Price Index (MoM)(no change)0.6%0.6%
Consumer Price Index (YoY)Bearish change3.4%3.2%
Core Consumer Price Index (YoY)Bearish change4.5%4.2%
PPI Core Output (MoM) n.s.aBullish change0.1%0.3%
PPI Core Output (YoY) n.s.a Bearish change0.2%0.1%
Producer Price Index - Output (MoM) n.s.aBearish change0.3%0.2%
Producer Price Index - Output (YoY) n.s.aBullish change0.4%0.6%
Retail Price Index (MoM)Bearish change0.8%0.5%
Retail Price Index (YoY)Bearish change4.5%4.3%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change6.1%6%
Average Earnings Including Bonus (3Mo/Yr)(no change)5.6%5.6%
Claimant Count ChangeBearish change4.1K10.9K
Claimant Count Rate(no change)4%4%
Employment ChangeBearish change-89K-156K
ILO Unemployment Rate (3M)Bearish change4%4.2%
Gross Domestic Product (MoM)Bearish change0.3%0.1%
Industrial Production (MoM)Bullish change-0.3%1.1%
Manufacturing Production (MoM)Bullish change-0.2%1.2%
Manufacturing Production (YoY)Bullish change1.5%2.7%

About Consumer Credit

Country:United Kingdom
Currency:GBP
Source:Bank of England
Category:Consumption
Frequency:Monthly

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