UK May consumer credit up 5.1% yr/yr vs up 6.4% in April-BBA

UK consumer credit grew an annual 5.1% in May, compared with 6.4% in April with the slowdown driven by weaker growth in personal loans and overdrafts with annual growth falling from 6.3% to 4.8%, while growth in credit card borrowing also slowed from 6.4% to 5.5% reflecting weaker retail sale volumes in May, according to the latest survey released by the British Bankers Association (BBA). RADIOCOR