US Consumer Credit Growth Beats Forecasts

Total US consumer credit increased by $24.9 billion in March 2026, following a downwardly revised $8.85 billion rise in the previous month and well above forecasts of a $12.5 billion increase. Revolving credit, which includes credit card debt, rose to $1.34 trillion from $1.33 trillion in February. Meanwhile, nonrevolving credit, including auto and student loans, increased to $3.80 trillion from $3.79 trillion in the prior month.

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.