Total U.S. consumer credit increased by $8.05 billion in January 2026, following an upwardly revised $25.20 billion rise in December and coming in below market expectations for a $12 billion gain. On an annualized basis, this corresponds to a growth rate of roughly 1.9%.
Revolving credit grew by $4.71 billion in January, after a $12.39 billion increase in December. Nonrevolving credit—which includes auto and student loans—rose by $3.34 billion in January, following a $12.81 billion advance in the previous month.
