U.S. Consumer Credit Falls by $0.182 Billion in May, Missing Forecast

businessmacroeconomics 5 posts · 4 accounts

U.S. consumer credit shrank by $0.182 billion in May, sharply missing forecasts for a $17.5 billion increase and reversing a prior gain of $20.73 billion.

The decline marks the first reduction in household borrowing since 2024, driven by a drop in revolving credit as credit card rates jump. The unexpected contraction highlights slowing consumer demand and potential stress in the credit markets.

From the sources (5 posts)

@financialjuice

US CONSUMER CREDIT ACTUAL -0.182B (FORECAST 17.5B, PREVIOUS 20.73B) $MACRO

@firstsquawk

U.S. CONSUMER CREDIT CONTRACTS $0.182B IN MAY, SHARPLY MISSING FORECAST OF $17.5B AND REVERSING PRIOR GAIN OF $20.73B

@zerohedge

Consumer Credit -$0.182BN, Exp. $17.5BN, Last $20.823BN

@business

US consumer borrowing rose unexpectedly declined for the first time since 2024 on a drop in revolving credit

@zerohedge

Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump

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