Consumer credit in the United States went up by USD 22.2 billion in November 2018, down from a downwardly revised USD 24.9 billion gain in the previous month but above market expectations of a USD 17.5 billion rise. Revolving credit including credit card borrowing climbed USD 4.8 billion, compared to a USD 9.4 billion advance in October. Meantime, non-revolving credit including loans for education and automobiles jumped by USD 17.3 billion, after rising USD 15.7 billion in the prior month. Consumer Credit in the United States averaged 4.70 USD Billion from 1950 until 2018, reaching an all time high of 118.08 USD Billion in December of 2010 and a record low of -113.42 USD Billion in December of 2015.
Consumer Credit in the United States is expected to be 13.00 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 10.00 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 8.00 USD Billion in 2020, according to our econometric models.