US consumer credit increased $24.86 billion in March, or an annualized increase of 5.8%, well above expectations of a $12.5 billion rise. The February monthly growth was revised down slightly to $8.85 billion (vs $9.48 billion first reported).

• Revolving credit increased at a SAAR of 9.1%, or $10.03 billion MoM, and nonrevolving credit increased at a SAAR of 4.7%, or $14.83 billion.
• Total outstanding consumer credit jumped to $5,072.6 billion (not seasonally adjusted) with revolving credit balances rising to $1,276.2 billion and nonrevolving credit balances increasing to $3,805.0 billion.

US consumer credit increased $9.48 billion in February, or an annualized increase of 2.2%, basically in line with expectations of a $10.0 billion gain. The January monthly growth was revised down slightly to $7.67 billion (vs $8.05 billion first reported).

• Revolving credit increased at a SAAR of 0.6%, or $0.71 billion MoM, and nonrevolving credit increased at a SAAR of 2.8%, or $8.78 billion.
• Total outstanding consumer credit dropped to $5.073.7 billion (not seasonally adjusted) with revolving credit balances dropping to $1,274.6 billion and nonrevolving credit balances edged up to $3,799.1 billion.

US consumer credit increased $8.05 billion in January, or an annualized increase of 1.9%, below expectations of a $12.0 billion increase. The December monthly growth in consumer credit was revised up to $25.2 billion (up from $24.04 billion).

• Revolving credit increased at a SAAR of 4.3%, or $4.71 billion, and nonrevolving credit increased at a SAAR of 1.1%, or $3.34 billion.
• Total outstanding consumer credit edged down to $5.10 trillion (not seasonally adjusted) with revolving credit balances down to $1.29 trillion and nonrevolving credit balances up to $3.80 trillion.

US consumer credit increased $24.04 billion in December, or an annualized increase of 5.7%, well above expectations of a $8.0 billion increase. The November increase was revised up slightly to $4.7 billion (up from $4.23 billion).

• Revolving credit increased at a SAAR of 12.6%, or $13.85 billion, the fastest growth rate since November 2023.
• Nonrevolving credit increased at a SAAR of 3.2%, or $10.2 billion, the strongest monthly pace of growth since May 2025.
• Total outstanding consumer credit increased to $5.11 trillion with revolving credit balances up to $1.33 trillion and nonrevolving credit balances up to $3.78 trillion.

US consumer credit increased $4.23 billion in November, or an annualized rate of 2.2%, wellbelow expectations of a $10.0 billion increase. The October increase of $9.23 billion was basically unchanged after revision to $9.23 billion.

• Revolving credit declined at a SAAR of -1.9% in November, the first monthly decline since August.
• Nonrevolving credit increased at a SAAR of 2.0% in October, continuing a moderation in growth in this segment that started in Q3 2025.
• Total outstanding consumer credit increased to $5.07 trillion with revolving credit balances up to $1.29 trillion and nonrevolving credit balances up to $3.78 trillion.

US consumer credit increased $9.18 billion in October, or an annualized rate of 2.2%, slightly below expectations of a $10.5 billion increase. The September increase of $13.09 billion was revised down to $11.01 billion.

• Revolving credit increased at a SAAR of 4.9% in October, continuing the strong 4.0% pace in September.
• Nonrevolving credit increased at a SAAR of 1.2% in October, the slowest pace since Q1 2025 and down from 2.1% in September.
• Total outstanding consumer credit increased to $5.06 trillion with revolving credit balances up to $1.28 trillion and nonrevolving credit balances up to $3.78 trillion.

US consumer credit increased $13.1 billion in September 2025, or at an annualized rate of 3.1%, above expectations of an increase of $10 billion.

• Revolving credit increased at a SAAR of 1.5%, bouncing from a weak -5.6% pace in August.
• Nonrevolving credit increased at a SAAR of 3.7%, above the overall growth rate of 2.9% in Q3.
• Total outstanding consumer credit increased to $5.08 trillion with revolving credit balances up to $1.31 trillion and nonrevolving credit balances up to $3.77 trillion.

US consumer credit was basically unchanged in August 2025, increasing at an annualized pace of 0.1% (or +$0.36 billion), below expectations of an increase of $13.5 billion.

• Revolving credit (mostly credit cards) fell at a -5.5% SAAR in August, after an increase July at a strong 10.3% SAAR.
• Nonrevolving credit (mostly auto and student loans) continued to rise at a solid pace for the 4th straight month, up at a 2.0% SAAR in August.
• Total outstanding consumer credit remained at $5.06 trillion, with revolving balances at $1.31 trillion and nonrevolving balances at $3.76 trillion.