Consumer credit in the U.S. increased roughly in line with economist estimates in the month of December, according to a report released by the Federal Reserve on Thursday, with an increase in non-revolving credit more than offsetting a drop in revolving credit.
The report said consumer credit increased by $14.6 billion in December following a revised increase of $15.9 billion in November. Economists had expected credit to increase by about $14.5 billion.
The increase was largely due to another jump in non-revolving credit such as student loans and car loans, which surged up by $18.2 billion in December after rising by $15.4 billion in November.
Meanwhile, revolving credit, which largely reflects credit card debt, fell by $3.6 billion in December after edging up by $0.5 billion in the previous month.
The Fed also said consumer credit rose by an annual rate of 6.3 percent in December, with non-revolving credit jumping by 11.4 percent but revolving credit falling by 5.1 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.