US Consumer Credit Rises Much more than Expected in December

Total US consumer credit rose by $24.05 billion in December 2025, following an upwardly revised $4.70 billion gain in November and way above market expectations of an $8 billion increase. It is equivalent to an increase of about 5.7% at an annual rate. Revolving credit increased by $13.85 billion in December, after decreasing $1.69 billion in November. Nonrevolving credit, which includes auto and student loans, rose $10.20 billion in December, following a $6.38 billion gain in the previous month.

Total US consumer credit rose by $4.23 billion in November 2025, following an upwardly revised $9.18 billion gain in October and below market expectations of a $10 billion increase. It is equivalent to an increase of 1.0% at an annual rate. Revolving credit decreased at an annual rate of 1.9% or $2.10 billion, following a $5.41 billion increase in October. Nonrevolving credit, which includes auto and student loans, went up 2.0% or $6.30 billion, following a $3.77 billion gain in the previous month.

Total US consumer credit rose by $9.18 billion in October 2025, following an upwardly revised $11.01 billion gain in September and bellow market expectations of a $10.5 billion increase. It is equivalent to an increase of 2.2% at an annual rate. Revolving credit increased at an annual rate of 4.9% or $5.41 billion, following a $4.30 billion increase in September. Nonrevolving credit which includes auto and student loans went up 1.2% or $3.77 billion, following a $6.70 billion gain in the previous month.