US Consumer Credit Misses Expectations in February

Total US consumer credit rose by $9.48 billion in February 2026, following a downwardly revised $7.67 billion gain in January and below market expectations of a $10 billion increase. It is equivalent to an increase of about 2.2% at an annual rate. Revolving credit increased by $0.71 billion in February, after increasing $2.57 billion in January. Nonrevolving credit, which includes auto and student loans, rose $8.79 billion in February, following a $5.10 billion gain in the previous month.

Total US consumer credit rose by $8.05 billion in January 2026, following an upwardly revised $25.20 billion gain in December and below market expectations of a $12 billion increase. It is equivalent to an increase of about 1.9% at an annual rate. Revolving credit increased by $4.71 billion in January, after increasing $12.39 billion in December. Nonrevolving credit, which includes auto and student loans, rose $3.34 billion in January, following a $12.81 billion gain in the previous month.

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.