Updated: 07-Apr-25 15:18 ET
| February Consumer Credit |
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| Updated: 07-Apr-25 15:18 ET |
Highlights
- Consumer credit decreased by $0.8 billion in February (Briefing.com consensus $15.1 billion) after increasing by a downwardly revised $8.9 billion (from $18.1 billion) in January.
Key Factors
- Revolving credit increased by $0.1 billion to $1.324 trillion.
- Nonrevolving credit decreased by $0.9 billion to $3.673 trillion.
- Consumer credit decreased at a seasonally adjusted annual rate of 0.2% in February, with revolving credit increasing at an annual rate of 0.1% and nonrevolving credit decreasing at an annual rate of 0.3%.
Big Picture
- The key takeaway from the report is that February marked the third contraction in consumer credit in the last four months.
| Category | FEB | JAN | DEC | NOV | OCT |
| Total Credit | -$0.8B | $8.9B | -$110.0B | -$5.6B | $10.9B |
| Revolving | $0.1B | $6.6B | -$41.7B | -$10.8B | $9.0B |
| Nonrevolving | -$0.9B | $2.3B | -$68.3B | $5.2B | $1.9B |