Updated: 05-Dec-25 15:19 ET
| October Consumer Credit |
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| Updated: 05-Dec-25 15:19 ET |
Highlights
- Consumer credit increased by $9.2 billion in October (Briefing.com consensus: $9.8 billion) following a downwardly revised $11.0 billion increase (from $13.0 billion) in September.
Key Factors
- Revolving credit increased by $5.4 billion to $1.317 trln.
- Nonrevolving credit increased by $3.7 billion to $3.767 trln.
- Consumer credit increased at a seasonally adjusted annual rate of 2.2 percent in October.
- Revolving credit decreased at an annual rate of 4.9 percent in October.
- Nonrevolving credit increased at an annual rate of 1.2 percent.
Big Picture
- The key takeaway from the report is that the expansion in consumer credit in October was paced by revolving credit, which could be construed as a sign of consumers leaning more on credit cards to fund spending needs due to disposable income being pinched by higher prices (and missing paychecks for some during the government shutdown).
| Category | OCT | SEP | AUG | JUL | JUN |
| Total Credit | $9.2B | $11.0B | $4.3B | $16.9B | -$4.0B |
| Revolving | $5.4B | $4.3B | -$4.3B | $11.1B | $0.1B |
| Nonrevolving | $3.8B | $6.7B | $8.6B | $5.8B | -$4.1B |