Monthly Indicator of Total Consumer Debt
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Consumer credit outstanding is a monthly indicator that shows the total amount of debt owed by consumers in the UK. This data is crucial for understanding consumer borrowing trends and is widely used to assess the health of the economy. It is published monthly by the Office for National Statistics (ONS).
If consumer credit outstanding is increasing, it indicates that consumers are actively borrowing and expanding their spending. Conversely, if it is decreasing, it suggests that consumers are restraining their borrowing and reducing their spending. This data serves as a reference for policymakers when adjusting monetary policies and consumer protection measures.
For example, if consumer credit outstanding shows high growth, the central bank might consider raising interest rates to mitigate risks associated with excessive borrowing. On the other hand, if credit outstanding is decreasing, lowering interest rates might be considered to enhance consumer purchasing power. Additionally, this data is important for businesses and investors, as it helps them understand consumer purchasing trends and forecast economic conditions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
