Consumer Credit in the United States increased by $35.28 billion in May of 2021, the biggest increase ever and well above market forecasts of $18.4 billion. Non-revolving credit rose by USD 26.085 billion and revolving credit went up by USD 9.196 billion. On an annual basis, consumer credit rose 10 percent, following a 5.7 percent gain in April. source: Federal Reserve
Consumer Credit in the United States averaged 4.55 USD Billion from 1943 until 2021, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -111.62 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 August of 2021.
Consumer Credit in the United States is expected to be 17.88 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 18.98 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 12.09 USD Billion in 2022 and 12.34 USD Billion in 2023, according to our econometric models.