Consumer Credit in the United States increased to -18.28 USD Billion in May from -68.78 USD Billion in April of 2020.

Consumer Credit in the United States averaged 4.44 USD Billion from 1943 until 2020, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -111.81 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 2020. source: Federal Reserve

Consumer Credit in the United States is expected to be 9.25 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 -70.16 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 20.89 USD Billion in 2021 and 21.31 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
-18.28 -68.78 115.58 -111.81 1943 - 2020 USD Billion Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-07 07:00 PM Feb $22.33B $12.1B $14B $15.1B
2020-05-07 07:00 PM Mar $-12.1B $20B $15B $14.7B
2020-06-05 07:00 PM Apr $-68.78B $-12.04B $-20B $-23B
2020-07-08 07:00 PM May $-18.2B $-70.2B $-15.5B $-17B
2020-08-07 07:00 PM Jun $-18.2B $10B $ 8.6B
2020-09-08 07:00 PM Jul
2020-10-07 07:00 PM Aug
2020-11-06 08:00 PM Sep $ 9.3B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Consumer Credit Declines for 2nd Month
Consumer credit in the United States went down by USD 18.2 billion in May after declining an upwardly revised USD 70.2 billion in April, falling more than market expectations of a USD 15.5 billion decrease. It was the third drop since August 2011, as revolving credit including credit card borrowing decreased by USD 24.3 billion after declining a downwardly revised USD 58.2 billion in the previous month. In contrast, non-revolving credit including loans for education and automobiles climbed by USD 6 billion after a downwardly revised USD 12 billion in the prior month. Year-on-year, credit contracted 5.3 percent after falling a sharp 20 percent in April.
2020-07-08
US Consumer Credit Dips More than Expected
Consumer credit in the United States went down by USD 68.7 billion in April after declining a downwardly revised USD 12 billion in March and more than market expectations of a USD 20 billion decrease. It was the second drop since August 2011, as revolving credit including credit card borrowing decreased by USD 58.3 billion after declining a downwardly revised USD 21.5 billion in the previous month. In addition, non-revolving credit including loans for education and automobiles dropped by USD 10.5 billion after a downwardly revised USD 16.1 billion in the prior month. Year-on-year, credit contracted a sharp 19.6 percent after falling 3.3 percent in March.
2020-06-05
US Consumer Credit Drops in March
Consumer credit in the United States went down by USD 12.1 billion in March after climbing an upwardly revised USD 20 billion in February and missing market expectations of USD 15 billion rise. It is the first decrease since August 2011 as revolving credit including credit card borrowing decreased USD 28.2 billion after advancing a revised USD 3.3 billion in the previous month and non-revolving credit including loans for education and automobiles jumped USD 16.1 billion after a revised USD 16.6 billion gain in the prior month. Year-on-year, credit grew 3.4 percent after rising 5.7 percent in February.
2020-05-07
US Consumer Credit Accelerates
Consumer credit in the United States went up by USD 22.33 billion in February, up from an upwardly revised USD 12.1 billion gain in January and well above market expectations of a USD 14 billion rise. Revolving credit including credit card borrowing increased USD 4.2 billion after declining a revised USD 2.4 billion in the previous month. Meanwhile, non-revolving credit including loans for education and automobiles jumped USD 18.1 billion after a revised USD 14.5 billion climb in the prior month. Year-on-year, credit grew 6.4 percent, up from a 3.5 percent expansion in January.
2020-04-07

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.