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 July 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.

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United States Consumer Credit Change

Actual Previous Highest Lowest Dates Unit Frequency
35.28 20.04 115.58 -111.62 1943 - 2021 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-07 07:00 PM Feb $27.58B $0.09B $5B $5.2B
2021-05-07 07:00 PM Mar $25.84B $26.13B $20B $18.7B
2021-06-07 07:00 PM Apr $18.61B $18.58B $22B $23B
2021-07-08 07:00 PM May $35.28B $20.04B $18.4B $19B
2021-08-06 07:00 PM Jun $35.28B $ 21.6B
2021-09-08 07:00 PM Jul
2021-10-07 07:00 PM Aug
2021-11-05 07:00 PM Sep $ 17.9B


News Stream
US Consumer Credit Grows at Record Pace
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.
2021-07-08
US Consumer Credit Lower than Expected
Consumer credit in the United States went up by USD 18.61 billion in April of 2021, following a downwardly revised USD 18.6 billion gain in the previous month and well below market expectations of a USD 22 billion rise. Revolving credit went down by USD 1.96 billion while non-revolving credit went up by USD 20.57 billion. On an annual basis, consumer credit rose 5.3 percent, following a 5.3 percent gain in March.
2021-06-07
US Consumer Credit Grows Above Expectations
Consumer credit in the United States went up by USD 25.84 billion in March of 2021, following a revised USD 26.13 billion gain in the previous month and comfortably beating market expectations of a USD 20 billion rise. Revolving credit increased by USD 6.4 billion while non-revolving credit went up by USD 19.5 billion. On an annual basis, consumer credit rose 7.4 percent, following a 7.5 percent gain in February.
2021-05-07
US Consumer Credit Growth Hits Highest Since 2017
Consumer credit in the United States went up by USD 27.58 billion in February of 2021, following a revised USD 0.09 billion gain in the previous month and comfortably beating market expectations of a USD 5 billion rise. It was the biggest monthly gain in consumer credit since November of 2017, as revolving credit increased by USD 8.1 billion while non-revolving credit went up by USD 19.5 billion. On an annual basis, consumer credit rose 7.9 percent, following a flat reading in the prior month.
2021-04-07

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.