US Consumer Credit Unexpectedly Falls in May

2026-07-08 19:23 By Isabela Couto 1 min. read

Total US consumer credit fell by $0.18 billion in May 2026, following an upwardly revised $20.82 billion increase in April and missing market expectations for a $17.1 billion gain.

Revolving credit, which includes credit card debt, declined to $1.34 trillion from $1.35 trillion, pointing to weaker short-term consumer borrowing.

Meanwhile, nonrevolving credit, which includes auto and student loans, increased to $3.81 trillion from $3.80 trillion.

Overall consumer credit was unchanged on an annualized, seasonally adjusted basis, as revolving credit contracted at a 4.7% annual rate while nonrevolving credit grew at a 1.6% pace.



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US Consumer Credit Unexpectedly Falls in May
Total US consumer credit fell by $0.18 billion in May 2026, following an upwardly revised $20.82 billion increase in April and missing market expectations for a $17.1 billion gain. Revolving credit, which includes credit card debt, declined to $1.34 trillion from $1.35 trillion, pointing to weaker short-term consumer borrowing. Meanwhile, nonrevolving credit, which includes auto and student loans, increased to $3.81 trillion from $3.80 trillion. Overall consumer credit was unchanged on an annualized, seasonally adjusted basis, as revolving credit contracted at a 4.7% annual rate while nonrevolving credit grew at a 1.6% pace.
2026-07-08
US Consumer Credit Growth Beats Forecasts
Total US consumer credit increased by $20.7 billion in April 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