Consumer credit in the United States increased by USD 40.15 billion in June of 2022, up significantly from an upwardly revised USD 23.79 billion gain in the previous month and well above market expectations of a USD 25 billion rise. It was the biggest monthly gain in consumer credit in three months, as non-revolving credit, which includes auto and student loans went up by USD 25.36 billion while revolving credit, which includes credit card debt, rose by USD 14.80 billion. On an annual basis, consumer credit surged by 10.5 percent, following an upwardly revised 6.3 percent increase in May. source: Federal Reserve
Consumer Credit in the United States averaged 4.85 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 August of 2022.
Consumer Credit in the United States is expected to be 24.38 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 23.89 USD Billion in 2023 and 24.39 USD Billion in 2024, according to our econometric models.