Consumer credit in the United States went up USD 17.9 billion in August 2019, after a revised USD 23.1 billion gain in July and beating market expectations of a USD 15.3 billion rise. Non-revolving credit including loans for education and automobiles increased USD 19.9 billion, the most in three years, after a USD 13.7 billion advance in the prior month, while revolving credit including credit card borrowing declined USD 2 billion, following a USD 9.4 billion climb in July. Year-on-year, consumer credit growth moderated to 5.2 percent in August from 6.8 percent in July, as revolving credit fell 2.2 percent (vs 10.5 percent in July), whereas non-revolving credit gained steam and climbed 7.8 percent (vs 5.4 percent in July). Consumer Credit in the United States averaged 4.50 USD Billion from 1943 until 2019, reaching an all time high of 116.79 USD Billion in December of 2010 and a record low of -111.95 USD Billion in December of 2015.

Consumer Credit in the United States is expected to be 15.71 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 23.69 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 16.27 USD Billion in 2020, according to our econometric models.

United States Consumer Credit Change
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-08 07:00 PM Consumer Credit Change May $17.09B $17.46B $16.65B $15.9B
2019-08-07 07:00 PM Consumer Credit Change Jun $14.6B $17.79B $16B $16.9B
2019-09-09 07:00 PM Consumer Credit Change Jul $23.29B $13.78B $16.1B $15.9B
2019-10-07 07:00 PM Consumer Credit Change Aug $17.9B $23.05B $15.25B $19.1B
2019-11-07 08:00 PM Consumer Credit Change Sep $17.9B $14.6B
2019-12-06 08:00 PM Consumer Credit Change Oct


United States Consumer Last Previous Highest Lowest Unit
Consumer Confidence 96.00 93.20 111.40 51.70 Index Points [+]
Retail Sales MoM -0.30 0.60 6.70 -3.90 percent [+]
Retail Sales YoY 4.10 4.40 11.20 -11.50 percent [+]
Retail Sales Ex Autos -0.10 0.20 2.60 -4.00 percent [+]
Consumer Spending 13253.38 13103.32 13253.38 1403.69 USD Billion [+]
Disposable Personal Income 16572.94 16495.21 16572.94 351.54 USD Billion [+]
Personal Spending 0.10 0.50 2.80 -2.10 percent [+]
Personal Income 0.40 0.10 4.60 -4.70 percent [+]
Personal Savings 8.10 7.80 17.30 2.20 percent [+]
Consumer Credit 17.90 23.05 116.79 -111.95 USD Billion [+]
Private Sector Credit 9900.90 9867.74 9900.90 39.04 USD Billion [+]
Bank Lending Rate 5.15 5.25 20.50 2.00 percent [+]
Economic Optimism Index 52.60 50.80 62.90 35.80 [+]
Redbook Index 4.10 5.50 9.30 -5.80 percent [+]
Chain Store Sales 3085.00 3201.00 15875.00 2632.00 USD Million [+]
Gasoline Prices 0.68 0.69 1.07 0.24 USD/Liter [+]
Households Debt To GDP 75.00 75.90 98.60 23.80 percent of GDP [+]
Consumer Confidence Current Conditions 113.20 112.50 121.10 57.50 [+]
Consumer Confidence Economic Expectations 80.20 83.90 108.60 44.20 [+]
Consumer Confidence Price Trends 2.70 2.60 10.40 0.40 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.90 23.05 116.79 -111.95 1943 - 2019 USD Billion Monthly
SA




Country Last Previous
Australia 2908.87 Aug/19
Brazil 1911072.00 Aug/19
Canada 637142.00 Aug/19
China 411664.30 Aug/19
Euro Area 714161.73 Aug/19
France 1450457.00 Aug/19
Germany 235851.00 Jun/19
Indonesia 2477053.00 Aug/19
Italy 108590.35 Aug/19
Japan 320489.00 Jun/19
Mexico 1422145.20 Jun/19
Netherlands 15084.00 Jun/19
Russia 16734573.00 Aug/19
South Korea 1556091.90 Jun/19
Spain 655445913.00 Jun/19
Switzerland 886470.00 Jul/19
Turkey 553160126.00 Sep/19
United Kingdom 901.00 Aug/19
United States 17.90 Aug/19


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