Consumer credit in the United States increased by $9.73 billion in December of 2020 after rising by a downwardly revised $13.93 billion in the previous month, disappointing market expectations of a $12 billion gain. It was the fourth consecutive rise in consumer credit, as non-revolving credit went up by $12.7 billion while revolving credit declined by $3 billion. On an annual basis, consumer credit grew 2.8 percent after a 4.0 percent increase in the previous month. source: Federal Reserve
Consumer Credit in the United States averaged 4.47 USD Billion from 1943 until 2020, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -111.45 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 February of 2021.
Consumer Credit in the United States is expected to be -13.85 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Credit in the United States to stand at 10.10 in 12 months time. In the long-term, the United States Consumer Credit Change is projected to trend around 10.30 USD Billion in 2022 and 10.52 USD Billion in 2023, according to our econometric models.