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.