US Consumer Credit Growth Beats Forecasts

2026-06-05 19:29 By Isabela Couto 1 min. read

Total US consumer credit increased by $20.7 billion in May 2026, following a downwardly revised $22.3 billion gain in April and exceeding market expectations for an $18 billion increase.

Revolving credit, which includes credit card debt, rose to $1.31 trillion from $1.30 trillion in the previous month, indicating continued growth in short-term consumer borrowing.

Meanwhile, nonrevolving credit, which includes auto and student loans, increased to $3.76 trillion from $3.74 trillion.

The data pointed to sustained consumer demand for credit despite elevated borrowing costs and a high interest-rate environment.



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US Consumer Credit Growth Beats Forecasts
Total US consumer credit increased by $20.7 billion in May 2026, following a downwardly revised $22.3 billion gain in April and exceeding market expectations for an $18 billion increase. Revolving credit, which includes credit card debt, rose to $1.31 trillion from $1.30 trillion in the previous month, indicating continued growth in short-term consumer borrowing. Meanwhile, nonrevolving credit, which includes auto and student loans, increased to $3.76 trillion from $3.74 trillion. The data pointed to sustained consumer demand for credit despite elevated borrowing costs and a high interest-rate environment.
2026-06-05
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.
2026-05-07
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.
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