UK consumer credit bounces back in May, Bank of England says

British consumers increased their borrowing in May by the most in four months after a dip in April, Bank of England data showed on Monday, adding to signs of recovering momentum in the country’s economy.

Consumer borrowing grew by a net 1.5 billion pounds ($1.9 billion), the most since January and up from a increase of 790 million pounds in April.

The increase in May – when retail sales also rebounded, according to official data – was slightly stronger than a median forecast...