UK Consumer Credit Remains Robust, in Double Digits
U.K. consumer credit continued to expand at a brisk pace in August, topping 10% year-on-year (YOY). In August total consumer credit grew to £187.9 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.4% and 10.3% respectively. The Bank of England (BOE) reports consumer credit increased by £1.6 billion in August, in…