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.