Total consumer credit in the US rose $26.51 billion in March of 2023, after an upwardly revised $15 billion increase in the previous month and well above market expectations of a $16.5 billion rise. On a seasonally adjusted annual basis, consumer credit went up by 6.6 percent in March after a 3.7 percent gain in the prior month. Revolving credit, like credit cards, was up 17.3 percent, compared to a 5.7 percent rise in the prior month. Nonrevolving credit, typically auto and student loans, increased by 3 percent, following a 3.1 percent gain in the prior month. source: Federal Reserve

Consumer Credit in the United States averaged 5.03 USD Billion from 1943 until 2023, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -112.52 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 2023.

Consumer Credit in the United States is expected to be 18.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Consumer Credit Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-07 07:00 PM Feb $15.29B $14.8B $19B $16.0B
2023-05-05 07:00 PM Mar $26.51B $15.02B $16.5B $15.9B
2023-06-07 07:00 PM Apr $26.51B $22B $21.0B


Related Last Previous Unit Reference
Private Sector Credit 12108.01 12109.47 USD Billion Apr 2023
Consumer Credit 26.51 15.29 USD Billion Mar 2023
Bank Lending Rate 8.23 8.00 percent May 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
26.51 15.29 115.58 -112.52 1943 - 2023 USD Billion Monthly
SA

News Stream
US Consumer Credit Beats Estimates
Total consumer credit in the US rose $26.51 billion in March of 2023, after an upwardly revised $15 billion increase in the previous month and well above market expectations of a $16.5 billion rise. On a seasonally adjusted annual basis, consumer credit went up by 6.6 percent in March after a 3.7 percent gain in the prior month. Revolving credit, like credit cards, was up 17.3 percent, compared to a 5.7 percent rise in the prior month. Nonrevolving credit, typically auto and student loans, increased by 3 percent, following a 3.1 percent gain in the prior month.
2023-05-05
US Consumer Credit Rises Less than Expected
Total consumer credit in the US rose $14.8 billion in January of 2023, after a downwardly revised $10.69 billion increase in the previous month and missing market expectations of a $20 billion rise. On a seasonally adjusted annual basis, consumer credit went up by 3.7 percent in January after an upwardly revised 2.9 percent gain in the prior month. Revolving credit, like credit cards, was up 11.1 percent, compared to a downwardly revised 6.9 percent rise in the prior month. Nonrevolving credit, typically auto and student loans, increased by 1.2 percent, following a downwardly revised 1.3 percent gain in the prior month.
2023-03-07
US Consumer Credit Growth Misses Forecasts
Total consumer credit in the US went up $11.65 billion in December of 2022, after a $27.96 billion rise in the previous month and missing market expectations of a $25 billion rise. On an annual basis, consumer credit was up by 2.9 percent in December after a 7.1 percent gain in the prior month. Revolving credit, like credit cards, was up 7.3 percent, compared to a 16.9 percent rise in the prior month. Nonrevolving credit, typically auto and student loans, increased by 1.5 percent, following a 3.9 percent gain in the prior month.
2023-02-07