Total consumer credit in the US jumped by $17.85 billion in June of 2023, following an upwardly revised $9.45 billion growth in the previous month and way above market estimates of a $13 billion increase. Revolving credit, like credit cards, fell by $605 million (or -0.6 percent on annual basis), compared to an $8.49 billion rise in the prior month. Non Revolving credit, typically auto and student loans, increased by $18.45 billion ( or 6 percent), following an upwardly revised $967 million gain in the prior month. source: Federal Reserve

Consumer Credit in the United States averaged 5.04 USD Billion from 1943 until 2023, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -112.52 USD Billion in December of 2015. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Consumer Credit in the United States is expected to be 18.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Consumer Credit Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 07:00 PM May $7.24B $20.32B $20.25B $19B
2023-08-07 07:00 PM Jun $17.85B $9.45B $13B $11.0B
2023-09-08 07:00 PM Jul $17.85B $18.5B $15.0B


Related Last Previous Unit Reference
Private Sector Credit 12110.00 12105.00 USD Billion Jul 2023
Consumer Credit 17.85 9.46 USD Billion Jun 2023
Bank Lending Rate 8.29 8.25 percent Jul 2023

United States Consumer Credit Change
In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.
Actual Previous Highest Lowest Dates Unit Frequency
17.85 9.46 115.58 -112.52 1943 - 2023 USD Billion Monthly
SA

News Stream
US Consumer Credit Growth Beats Estimates
Total consumer credit in the US jumped by $17.85 billion in June of 2023, following an upwardly revised $9.45 billion growth in the previous month and way above market estimates of a $13 billion increase. Revolving credit, like credit cards, fell by $605 million (or -0.6 percent on annual basis), compared to an $8.49 billion rise in the prior month. Non Revolving credit, typically auto and student loans, increased by $18.45 billion ( or 6 percent), following an upwardly revised $967 million gain in the prior month.
2023-08-07
US Consumer Credit Misses Forecasts, Lowest Since 2020
Total consumer credit in the US increased by $7.24 billion in May of 2023, following a downwardly revised $20.32 billion rise in the previous month and well below market expectations of a $20.25 billion rise. It was the smallest monthly gain in consumer credit since November of 2020, as revolving credit, like credit cards, growth slowed to $8.49 billion (or +8.2 percent on annual basis), compared to an upwardly revised $14.16 billion rise in the prior month. Non Revolving credit, typically auto and student loans, fell by $1.25 billion ( or -0.4 percent), following a downwardly revised $6.15 billion gain in the prior month.
2023-07-10
US Consumer Credit Above Estimates
Total consumer credit in the US increased $23.01 billion in April of 2023, after a downwardly revised $22.83 billion rise in the previous month and beating market expectations of a $22 billion increase. On a seasonally adjusted annual basis, consumer credit went up by 5.7 percent in April after a downwardly revised 5.7 percent gain in the prior month. Revolving credit, like credit cards, was up 13.1 percent, compared to a 14.6 percent rise in the prior month. Nonrevolving credit, typically auto and student loans, increased by 3.2 percent, following a downwardly revised 2.7 percent gain in the prior month.
2023-06-07