Consumer credit in the United States went up by USD 22.1 billion in December 2019, up from a downwardly revised USD 11.8 billion gain in November and above market expectations of a USD 15 billion rise. That was the biggest monthly gain since July, as revolving credit including credit card borrowing climbed USD 12.7 billion, the most since 1998, following a USD 3 billion decline in November. Meanwhile, non-revolving credit including loans for education and automobiles rose USD 9.4 billion, the least since September, from a USD 14.7 billion advance in the prior month. Year-on-year, credit grew 6.3 percent, after rising 3.4 percent in the previous month. In 2019, credit growth was at 4.7 percent, the same pace as in 2018.

Consumer Credit in the United States averaged 4.47 USD Billion from 1943 until 2019, reaching an all time high of 29.91 USD Billion in November of 2017 and a record low of -18.54 USD Billion in June of 2009. 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. source: Federal Reserve

Consumer Credit in the United States is expected to be 10.18 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 22.59 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 23.09 USD Billion in 2021 and 23.55 USD Billion in 2022, according to our econometric models.


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United States Consumer Credit Change

Actual Previous Highest Lowest Dates Unit Frequency
22.06 11.81 29.91 -18.54 1943 - 2019 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 08:00 PM Sep $9.51B $17.84B $15B $15.1B
2019-12-06 08:00 PM Oct $18.91B $9.58B $16B $14.6B
2020-01-08 08:00 PM Nov $12.51B $18.98B $15B $17.5B
2020-02-07 08:00 PM Dec $22.06B $11.81B $15B $15.1B
2020-03-06 08:00 PM Jan $22.06B $16.4B
2020-04-07 07:00 PM Feb
2020-05-07 07:00 PM Mar $ 10.2B
2020-06-05 07:00 PM Apr


News Stream
US Consumer Credit Growth at 5-Month High
Consumer credit in the United States went up by USD 22.1 billion in December 2019, up from a downwardly revised USD 11.8 billion gain in November and above market expectations of a USD 15 billion rise. That was the biggest monthly gain since July, as revolving credit including credit card borrowing climbed USD 12.7 billion, the most since 1998, following a USD 3 billion decline in November. Meanwhile, non-revolving credit including loans for education and automobiles rose USD 9.4 billion, the least since September, from a USD 14.7 billion advance in the prior month. Year-on-year, credit grew 6.3 percent, after rising 3.4 percent in the previous month. In 2019, credit growth was at 4.7 percent, the same pace as in 2018.
2020-02-07
US Consumer Credit Grows Below Expectations
Consumer credit in the United States went up by USD 12.5 billion in November 2019, down from an upwardly revised USD 19 billion gain in October and below market expectations of a USD 15 billion rise. Revolving credit including credit card borrowing declined USD 2.4 billion, following a USD 7.9 billion rise in October. Meanwhile, non-revolving credit including loans for education and automobiles rose USD 14.9 billion, accelerating from an USD 11.1 billion advance in the prior month. Year-on-year, total consumer credit rose 3.6 percent after growing 5.5 percent in the previous month.
2020-01-08
US Consumer Credit Growth Beats Expectations
Consumer credit in the United States went up by USD 18.9 billion in October 2019, above both a downwardly revised USD 9.6 billion gain in September and market expectations of a USD 16 billion rise. Revolving credit including credit card borrowing declined USD 7.9 billion, following a USD 0.2 billion rise in September. Also, non-revolving credit including loans for education and automobiles rose USD 11 billion, accelerating from USD 9.4 billion advance in the prior month. Year-on-year, consumer credit growth accelerated to 5.5 percent in October from 2.8 percent in September, as revolving credit jumped 8.8 percent (vs 0.2 percent), whereas non-revolving credit accelerated to 4.3 percent (vs 3.7 percent).
2019-12-06
US Consumer Credit Growth Nears 1-1/2-Year Low
Consumer credit in the United States went up by USD 9.5 billion in September 2019, below both a downwardly revised USD 17.8 billion gain in August and market expectations of a USD 15 billion rise. This is the slowest increase in total consumer credit since June 2018, as revolving credit including credit card borrowing declined USD 1.1 billion, following an upwardly revised USD 2.2 billion fall in August. Also, non-revolving credit including loans for education and automobiles rose USD 10.6 billion, the smallest gain in four months, easing from an upwardly revised USD 20.1 billion advance in the prior month. Year-on-year, consumer credit growth moderated to 2.8 percent in September from 5.2 percent in August, as revolving credit fell 1.2 percent (vs -2.5 percent in August), whereas non-revolving credit growth slowed to 4.2 percent (vs 7.9 percent in August).
2019-11-07

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.