Consumer credit in the United States increased by $16.21 billion in September 2020 after declining by $6.93 billion in the previous month, missing market expectations of a $9 billion increase. Total revolving credit increased by $2 billion after falling by $6.7 billion in August, whereas non-revolving credit increased by $12.2billion after rising by $2.8 billion. On an annual basis, consumer credit rose by 4.7 percent after declining 2.0 percent in the previous month. source: Federal Reserve

Consumer Credit in the United States averaged 4.46 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 -111.45 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 November of 2020.

Consumer Credit in the United States is expected to be 21.72 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 -7.49 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 22.54 USD Billion in 2021 and 22.99 USD Billion in 2022, according to our econometric models.

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United States Consumer Credit Change

Actual Previous Highest Lowest Dates Unit Frequency
16.21 -6.93 115.58 -111.45 1943 - 2020 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 07:00 PM Jun $8.95B $-18.28B $10B $ 8.6B
2020-09-08 07:00 PM Jul $12.25B $11.4B $13.75B $12B
2020-10-07 07:00 PM Aug $-7.22B $12.25B $14B $13.5B
2020-11-06 08:00 PM Sep $16.21B $-6.93B $9B $9.4B
2020-12-07 08:00 PM Oct $16.21B
2021-01-08 08:00 PM Nov
2021-02-08 08:00 PM Dec
2021-03-05 08:00 PM Jan


News Stream
US Consumer Credit Growth Beats Expectations
Consumer credit in the United States increased by $16.21 billion in September 2020 after declining by $6.93 billion in the previous month, missing market expectations of a $9 billion increase. Total revolving credit increased by $2 billion after falling by $6.7 billion in August, whereas non-revolving credit increased by $12.2billion after rising by $2.8 billion. On an annual basis, consumer credit rose by 4.7 percent after declining 2.0 percent in the previous month.
2020-11-06
US Consumer Credit Drops in August
Consumer credit in the United States declined by $7.22 billion in August 2020 after increasing by $12.25 billion in the previous month, missing market expectations of a $14 billion increase. Total revolving credit declined by $9.4 billion after falling by $0.3 billion in July, whereas non-revolving credit increased $2.2 billion after rising by $14.9 billion. On an annual basis, consumer credit declined by 2.1 percent after rising 4.3 percent in the previous month.
2020-10-07
US Consumer Credit Grows Below Expectations
Consumer credit in the United States increased by $12.25 billion in July 2020 after increasing by an upwardly revised $11.4 billion in the previous month, missing market expectations of a $13.75 billion increase. Total revolving credit declined by $0.3 billion after falling by $1.8 billion in June, whereas non-revolving credit increased $12.6 billion after rising by an upwardly revised $13.1 billion. On an annual basis, consumer credit climbed by 3.6 percent after rising 3.3 percent in the previous month.
2020-09-08
US Consumer Credit Grows Below Expectations
Consumer credit in the United States rebounded by $8.95 billion in June 2020 after declining by $18.2 billion in the previous month, missing market expectations of a $10 billion increase. Total revolving credit declined by $2.3 billion after falling by $24.7 billion in May, whereas non-revolving credit by $11.3 billion after rising by $10.3 billion. On an annual basis, consumer credit climbed by 2.6 percent after decreasing 4.2 percent in the previous month.
2020-08-07

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.