Consumer credit in the United States went down by USD 12.1 billion in March after climbing an upwardly revised USD 20 billion in February and missing market expectations of USD 15 billion rise. It is the first decrease since August 2011 as revolving credit including credit card borrowing decreased USD 28.2 billion after advancing a revised USD 3.3 billion in the previous month and non-revolving credit including loans for education and automobiles jumped USD 16.1 billion after a revised USD 16.6 billion gain in the prior month. Year-on-year, credit grew 3.4 percent after rising 5.7 percent in February.
Consumer Credit in the United States averaged 4.54 USD Billion from 1943 until 2020, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -111.81 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 June of 2020. source: Federal Reserve
Consumer Credit in the United States is expected to be 9.82 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United States to stand at -12.32 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 20.93 USD Billion in 2021 and 21.35 USD Billion in 2022, according to our econometric models.