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.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.