FX.co ★ US Credit Growth Surpasses Expectations in April

In April 2025, total consumer credit in the United States increased by $17.87 billion, marking a significant rise from March's $10.17 billion gain and exceeding market predictions of a $10.85 billion increase. This expansion in credit was mainly driven by a 7% annual growth rate in revolving credit, which includes credit card usage and indicates heightened consumer spending. In contrast, nonrevolving credit, which encompasses auto and student loans, grew at a slower annual rate of 3.3%, showing ongoing but moderated demand for long-term financing options.