Consumer credit in the United States increased by USD 38.07 billion in April of 2022, after a downwardly revised USD 47.34 billion gain in the previous month and above market expectation of a USD 35 billion rise. Revolving credit, which includes credit card debt, rose by USD 17.77 billion while non-revolving credit, which includes auto and student loans went up by USD 20.3 billion. On an annual basis, consumer credit grew 10.1 percent, following a downwardly revised 12.7 percent increase in March. source: Federal Reserve

Consumer Credit in the United States averaged 4.80 USD Billion from 1943 until 2022, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -112.52 USD Billion in December of 2015. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Consumer Credit in the United States is expected to be 23.85 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Consumer Credit Change is projected to trend around 23.86 USD Billion in 2023 and 24.36 USD Billion in 2024, according to our econometric models.

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United States Consumer Credit Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 07:00 PM Mar $52.43B $37.7B $25B $ 15.7B
2022-06-07 07:00 PM Apr $38.07B $47.34B $35B $51B
2022-07-08 07:00 PM May $38.07B


Related Last Previous Unit Reference
Private Sector Credit 11203.44 11086.43 USD Billion May 2022
Consumer Credit 38.07 47.34 USD Billion Apr 2022
Bank Lending Rate 3.94 3.50 percent May 2022

United States Consumer Credit Change
In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.
Actual Previous Highest Lowest Dates Unit Frequency
38.07 47.34 115.58 -112.52 1943 - 2022 USD Billion Monthly
SA

News Stream
US Consumer Credit Beats Forecasts
Consumer credit in the United States increased by USD 38.07 billion in April of 2022, after a downwardly revised USD 47.34 billion gain in the previous month and above market expectation of a USD 35 billion rise. Revolving credit, which includes credit card debt, rose by USD 17.77 billion while non-revolving credit, which includes auto and student loans went up by USD 20.3 billion. On an annual basis, consumer credit grew 10.1 percent, following a downwardly revised 12.7 percent increase in March.
2022-06-07
US Consumer Credit Tops Forecasts, Highest Since 2010
Consumer credit in the United States increased by USD 52.43 billion in March of 2022, up from a downwardly revised USD 37.7 billion gain in the prior month, and well above market expectations of a USD 25 billion rise. It was the biggest monthly gain in consumer credit since December of 2010, as non-revolving credit went up by USD 21.07 billion while revolving credit increased by USD 31.37 billion. On an annual basis, consumer credit grew 14 percent, following a downwardly revised 10.2 percent increase in February.
2022-05-06
US Consumer Credit Growth Hits Highest Since 2010
Consumer credit in the United States increased by USD 41.82 billion in February of 2022, up from an upwardly revised USD 8.93 billion gain in the prior month, and well above market expectations of a USD 16.65 billion rise. It was the biggest monthly gain in consumer credit since December of 2010, as non-revolving credit went up by USD 23.82 billion while revolving credit increased by USD 18 billion. On an annual basis, consumer credit grew 11.3 percent, following an upwardly revised 2.4 percent increase in January.
2022-04-07