Consumer credit in the United States rose 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.

Consumer Credit in the United States averaged 4.44 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 September of 2020. source: Federal Reserve

Consumer Credit in the United States is expected to be 10.38 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 11.78 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
12.25 11.39 115.58 -111.45 1943 - 2020 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-05 07:00 PM Apr $-68.78B $-12.04B $-20B $-23B
2020-07-08 07:00 PM May $-18.2B $-70.2B $-15.5B $-17B
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 $12.25B $13.5B
2020-11-06 08:00 PM Sep $ 10.4B
2020-12-07 08:00 PM Oct


News Stream
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
US Consumer Credit Declines for 2nd Month
Consumer credit in the United States went down by USD 18.2 billion in May after declining an upwardly revised USD 70.2 billion in April, falling more than market expectations of a USD 15.5 billion decrease. It was the third drop since August 2011, as revolving credit including credit card borrowing decreased by USD 24.3 billion after declining a downwardly revised USD 58.2 billion in the previous month. In contrast, non-revolving credit including loans for education and automobiles climbed by USD 6 billion after a downwardly revised USD 12 billion in the prior month. Year-on-year, credit contracted 5.3 percent after falling a sharp 20 percent in April.
2020-07-08
US Consumer Credit Dips More than Expected
Consumer credit in the United States went down by USD 68.7 billion in April after declining a downwardly revised USD 12 billion in March and more than market expectations of a USD 20 billion decrease. It was the second drop since August 2011, as revolving credit including credit card borrowing decreased by USD 58.3 billion after declining a downwardly revised USD 21.5 billion in the previous month. In addition, non-revolving credit including loans for education and automobiles dropped by USD 10.5 billion after a downwardly revised USD 16.1 billion in the prior month. Year-on-year, credit contracted a sharp 19.6 percent after falling 3.3 percent in March.
2020-06-05

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.