Consumer credit in the United States increased by USD 40.15 billion in June of 2022, up significantly from an upwardly revised USD 23.79 billion gain in the previous month and well above market expectations of a USD 25 billion rise. It was the biggest monthly gain in consumer credit in three months, as non-revolving credit, which includes auto and student loans went up by USD 25.36 billion while revolving credit, which includes credit card debt, rose by USD 14.80 billion. On an annual basis, consumer credit surged by 10.5 percent, following an upwardly revised 6.3 percent increase in May. source: Federal Reserve

Consumer Credit in the United States averaged 4.85 USD Billion from 1943 until 2022, 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 August of 2022.

Consumer Credit in the United States is expected to be 24.38 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Consumer Credit Change is projected to trend around 23.89 USD Billion in 2023 and 24.39 USD Billion in 2024, according to our econometric models.

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United States Consumer Credit Change



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 07:00 PM May $22.35B $36.76B $31.9B $37B
2022-08-05 07:00 PM Jun $40.15B $23.79B $25B $ 23.9B
2022-09-08 07:00 PM Jul $40.15B


Related Last Previous Unit Reference
Private Sector Credit 11336.25 11203.44 USD Billion Jun 2022
Consumer Credit 40.15 23.79 USD Billion Jun 2022
Bank Lending Rate 4.85 4.38 percent Jul 2022

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
40.15 23.79 115.58 -112.52 1943 - 2022 USD Billion Monthly
SA

News Stream
US Consumer Credit Beats Forecasts
Consumer credit in the United States increased by USD 40.15 billion in June of 2022, up significantly from an upwardly revised USD 23.79 billion gain in the previous month and well above market expectations of a USD 25 billion rise. It was the biggest monthly gain in consumer credit in three months, as non-revolving credit, which includes auto and student loans went up by USD 25.36 billion while revolving credit, which includes credit card debt, rose by USD 14.80 billion. On an annual basis, consumer credit surged by 10.5 percent, following an upwardly revised 6.3 percent increase in May.
2022-08-05
US Consumer Credit Growth Misses Forecasts
Consumer credit in the United States increased by USD 22.35 billion in May of 2022, slowing significantly from a downwardly revised USD 36.76 billion gain in the previous month and well below market expectation of a USD 31.9 billion rise. Revolving credit, which includes credit card debt, rose by USD 7.42 billion while non-revolving credit, which includes auto and student loans went up by USD 14.93 billion. On an annual basis, consumer credit went up 5.9 percent, following a downwardly revised 9.7 percent increase in April.
2022-07-08
US Consumer Credit Beats Forecasts
Consumer credit in the United States increased by USD 38.07 billion in April of 2022, after a downwardly revised USD 47.34 billion gain in the previous month and above market expectation of a USD 35 billion rise. Revolving credit, which includes credit card debt, rose by USD 17.77 billion while non-revolving credit, which includes auto and student loans went up by USD 20.3 billion. On an annual basis, consumer credit grew 10.1 percent, following a downwardly revised 12.7 percent increase in March.
2022-06-07