Consumer credit in the United States increased by $9.73 billion in December of 2020 after rising by a downwardly revised $13.93 billion in the previous month, disappointing market expectations of a $12 billion gain. It was the fourth consecutive rise in consumer credit, as non-revolving credit went up by $12.7 billion while revolving credit declined by $3 billion. On an annual basis, consumer credit grew 2.8 percent after a 4.0 percent increase in the previous month. source: Federal Reserve

Consumer Credit in the United States averaged 4.47 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 March of 2021.

Consumer Credit in the United States is expected to be -13.85 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 10.10 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 10.30 USD Billion in 2022 and 10.52 USD Billion in 2023, according to our econometric models.

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United States Consumer Credit Change

Actual Previous Highest Lowest Dates Unit Frequency
9.73 13.93 115.58 -111.45 1943 - 2020 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 08:00 PM Sep $16.21B $-6.93B $9B $9.4B
2020-12-07 08:00 PM Oct $7.23B $15.03B $16B $17B
2021-01-08 08:00 PM Nov $15.27B $4.54B $9B $10.2B
2021-02-05 08:00 PM Dec $9.73B $13.93B $12B $12.6B
2021-03-05 08:00 PM Jan $9.73B $12B $12.5B
2021-04-07 07:00 PM Feb
2021-05-07 07:00 PM Mar $ -13.8B
2021-06-07 07:00 PM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Consumer Credit Grows Below Expectations
Consumer credit in the United States increased by $9.73 billion in December of 2020 after rising by a downwardly revised $13.93 billion in the previous month, disappointing market expectations of a $12 billion gain. It was the fourth consecutive rise in consumer credit, as non-revolving credit went up by $12.7 billion while revolving credit declined by $3 billion. On an annual basis, consumer credit grew 2.8 percent after a 4.0 percent increase in the previous month.
2021-02-05
US Consumer Credit Above Forecasts
Consumer credit in the United States increased by $15.27 billion in November of 2020 after rising by a downwardly revised $4.54 billion in the previous month, beating market expectations of a $9 billion gain. It is the biggest increase since June as non-revolving credit went up by $16.06 billion while revolving credit declined by $0.787 billion.
2021-01-08
US Consumer Credit Grows Below Expectations
Consumer credit in the United States increased by $7.23 billion in October 2020 after increasing by a downwardly revised $15.03 billion in the previous month, missing market expectations of a $16 billion increase. Total revolving credit declined by $5.5 billion after increasing by $2.6 billion in September, whereas non-revolving credit increased by $12.7 billion after rising by $12.4 billion. On an annual basis, consumer credit rose by 2.1 percent after climbing 4.4 percent in the previous month.
2020-12-07
US Consumer Credit Growth Beats Expectations
Consumer credit in the United States increased by $16.21 billion in September 2020 after declining by $6.93 billion in the previous month, missing market expectations of a $9 billion increase. Total revolving credit increased by $2 billion after falling by $6.7 billion in August, whereas non-revolving credit increased by $12.2billion after rising by $2.8 billion. On an annual basis, consumer credit rose by 4.7 percent after declining 2.0 percent in the previous month.
2020-11-06

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.