Consumer credit in the United States went up by USD 12.5 billion in November 2019, down from an upwardly revised USD 19 billion gain in October and below market expectations of a USD 15 billion rise. Revolving credit including credit card borrowing declined USD 2.4 billion, following a USD 7.9 billion rise in October. Meanwhile, non-revolving credit including loans for education and automobiles rose USD 14.9 billion, accelerating from an USD 11.1 billion advance in the prior month. Consumer Credit in the United States averaged 4.52 USD Billion from 1943 until 2019, reaching an all time high of 116.79 USD Billion in December of 2010 and a record low of -111.95 USD Billion in December of 2015. source: Federal Reserve
Consumer Credit in the United States is expected to be 10.10 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 15.98 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 19.93 USD Billion in 2020, according to our econometric models.