Updated: 07-May-26 15:21 ET
| March Consumer Credit |
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| Updated: 07-May-26 15:21 ET |
Highlights
- Consumer credit increased by $24.9 billion in March (Briefing.com consensus: $12.5 billion), the largest increase in a year, following a downwardly revised $8.9 billion increase (from $9.5 billion) in February.
Key Factors
- Revolving credit increased by $10.0 billion to $1.337 trln.
- Nonrevolving credit increased by $14.9 billion to $3.804 trln.
- Consumer credit increased at a seasonally adjusted annual rate of 3.2 percent during the first quarter and at an annual rate of 5.8 percent in March.
- Revolving credit increased at an annual rate of 3.8 percent in the first quarter, while nonrevolving credit increased at an annual rate of 3.0 percent.
Big Picture
- The key takeaway from the report is the recognition that consumer credit saw its largest expansion in a year, driven by both revolving and nonrevolving credit. The former will stir some concerns about consumers perhaps needing to use credit more in the face of higher energy prices to pay for basic needs.
| Category | MAR | FEB | JAN | DEC | NOV |
| Total Credit | $24.9B | $8.8B | $7.2B | $15.6B | $3.4B |
| Revolving | $10.0B | $0.4B | $2.3B | $8.2B | -$1.0B |
| Nonrevolving | $14.9B | $8.5B | $4.9B | $7.4B | $4.4B |