FX.co ★ US Consumer Credit Growth Beats Forecasts

Total US consumer credit rose by $20.7 billion in May 2026, following a downwardly revised $22.3 billion increase in April and surpassing market expectations for an $18 billion gain. Revolving credit, which primarily includes credit card debt, expanded to $1.31 trillion from $1.30 trillion in the prior month, underscoring continued growth in short‑term consumer borrowing. Nonrevolving credit, covering auto and student loans, advanced to $3.76 trillion from $3.74 trillion. Overall, the figures signal resilient consumer demand for credit despite elevated borrowing costs and a persistently high interest-rate environment.