Consumer credit in the U.S. increased by more than expected in the month of February, according to a report released by Federal Reserve on Tuesday.
The report showed that consumer credit climbed by $15.5 billion in February following a downwardly revised increase of $10.8 billion January.
Economists had expected consumer credit to rise by $12.5 billion compared to the $11.6 billion increase originally reported for the previous month.
The bigger than expected increase in consumer credit came as a jump in non-revolving credit more than offset a continued decrease in revolving credit.
Non-revolving credit such as student loans and car loans surged up by $19.2 billion in February after climbing by $11.8 billion in January.
Meanwhile, revolving credit, which largely reflects credit card debt, fell by $3.7 billion in February after edging down by $1 billion in the previous month.
The Fed also said consumer credit increased by an annual rate of 5.6 percent in February, as non-revolving credit jumped by 9.4 percent but revolving credit fell by 5.0 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.