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Economic Data Brief |
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Growth & spending
Consumer Credit (G.19) — July 2026
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| Total consumer credit outstanding rose 0.3% in July 2026 to $5,186.2B, +2.6% from a year ago. Prior month: $5,168.1B. Prior periods were revised in 52 series — figures below reflect that. | |
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Total credit
$5,186.2B
▲ +0.3% m/m
· +2.6% y/y
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Revolving
$1,357.2B
▲ +0.2% m/m
· +3.6% y/y
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Nonrevolving
$3,829.0B
▲ +0.4% m/m
· +2.2% y/y
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| Revision check| REVISIONS DETECTED (52) — since last report. Every change below is calculated on the revised figures. | | Total credit growth · May 2026 | −0.2% | → | 0.5% | ▲ +0.7 pp | | Revolving credit growth · May 2026 | −4.7% | → | −2.0% | ▲ +2.8 pp | | Nonrevolving credit growth · March 2026 | 3.8% | → | 3.2% | ▼ −0.7 pp | | Total credit growth · March 2026 | 5.4% | → | 4.9% | ▼ −0.4 pp | | Nonrevolving credit growth · June 2026 | 2.3% | → | 2.5% | ▲ +0.1 pp | | Revolving credit growth · February 2026 | 1.0% | → | 1.0% | ▼ 0.0 pp | | Revolving credit growth · March 2026 | 9.7% | → | 10.0% | ▲ +0.3 pp | | Total credit growth · June 2026 | 3.3% | → | 3.4% | ▲ +0.1 pp | | Revolving credit growth · January 2026 | 1.6% | → | 1.6% | ▼ 0.0 pp | | Nonrevolving credit growth · April 2026 | 2.6% | → | 2.7% | ▲ +0.1 pp | | Total credit growth · April 2026 | 4.7% | → | 4.7% | ▲ +0.1 pp | | Nonrevolving credit growth · December 2025 | 2.4% | → | 2.5% | ▲ 0.0 pp | | Total credit growth · January 2026 | 1.0% | → | 1.0% | ▼ 0.0 pp | | Nonrevolving credit growth · October 2025 | 1.1% | → | 1.1% | ▲ 0.0 pp | | and 38 more smaller revisions (all of them are applied to the figures below). |
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Key figures| Headline → | July 2026 | June 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Total consumer credit outstandingREVISED millions of dollars, SA — excludes mortgages | $5,186.2B | $5,168.1B | ▲ +$18.1B | ▲ +0.3% | ▲ +$130.3B | ▲ +2.6% | | | Revolving credit (credit cards)REVISED | $1,357.2B | $1,354.4B | ▲ +$2.8B | ▲ +0.2% | ▲ +$46.9B | ▲ +3.6% | | | Nonrevolving credit (auto and student loans)REVISED | $3,829.0B | $3,813.7B | ▲ +$15.3B | ▲ +0.4% | ▲ +$83.3B | ▲ +2.2% | | | Trend bars show year-over-year % change over the last 13 periods; the latest period is highlighted. |
| Growth rates → | July 2026 | June 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Total credit growthREVISED SAAR — the pace, not the level | 4.2% | 3.4% | ▲ +0.8 pp | — | ▲ +1.2 pp | — | | | Revolving credit growthREVISED | 2.5% | 6.0% | ▼ −3.5 pp | — | ▼ −5.4 pp | — | | | Nonrevolving credit growthREVISED | 4.8% | 2.5% | ▲ +2.3 pp | — | ▲ +3.6 pp | — | | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Nonrevolving credit growth: highest since June 2023 (37 months).
- The 0.4% monthly gain in Nonrevolving credit (auto and student loans) is the biggest since March 2025.
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-09-08 19:35 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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