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.