Updated: 08-Sep-25 15:23 ET
| July Consumer Credit |
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| Updated: 08-Sep-25 15:23 ET |
Highlights
- Consumer credit increased by $16.0 billion in July (Briefing.com consensus: $10.5 billion) following a downwardly revised $4.3 billion decline (from $7.4 billion) in June.
Key Factors
- Revolving credit increased by $10.5 billion to $1.311 trln.
- Nonrevolving credit increased by $5.6 billion to $3.749 trln.
- Consumer credit increased at a seasonally adjusted annual rate of 3.8 percent in July.
- Revolving credit increased at an annual rate of 9.7 percent, while nonrevolving credit increased at an annual rate of 1.8 percent.
Big Picture
- The key takeaway from the report is that the expansion in consumer credit was driven by revolving credit, which saw the largest jump since January 2024. That might be construed as a sign that consumers are using credit cards more to fund everyday purchases in the face of higher costs, but noticing the jump in nonrevolving credit in July suggests that may not be fully accurate in a broad sense.
| Category | JUL | JUN | MAY | APR | MAR |
| Total Credit | $16.0B | -$4.3B | $7.9B | $17.6B | $65.7B |
| Revolving | $10.5B | $0.2B | -$1.6B | $7.6B | -$10.3B |
| Nonrevolving | $5.5B | -$4.5B | $9.5B | $10.0B | $76.0B |