Total consumer credit in the US declined by $15.63 billion in August of 2023, following an upwardly revised $10.9 billion increase in the previous month and well below market expectation of a $11.7 billion rise. Revolving credit, like credit cards, rose by $14.68 billion (or 13.9 percent on an annual basis), compared to a $9.59 billion increase in the prior month. Non Revolving credit, typically auto and student loans, declined by $30.3 million (or -9.8 percent), from $1.4 billion gain in the prior month.
. Consumer Credit in the United States averaged 5.01 USD Billion from 1943 until 2023, reaching an all time high of 115.58 USD Billion in December of 2010 and a record low of -112.52 USD Billion in December of 2015. In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate. 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.
Read Full Story
- United States Corruption Index - January 30, 2024
- China Corruption Index - January 30, 2024
- United States Corruption Rank - January 30, 2024