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.