Proprietary Report with Analysis on U.K. Consumer Credit.
U.K. consumer credit growth remained strong again in April, despite the swirling Brexit uncertainty, and after rising in February to its highest annual growth rate of the past twelve months. The year-on-year (YOY) rise jumped 60 basis points (bps) in April.
In April total consumer credit grew to £198.4 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.2% and . . . .