US Consumer Credit Rises More than Expected in March

Total U.S. consumer credit rose by $10.17 billion in March 2025, rebounding from a $0.8 billion decline in the previous month and surpassing market expectations of a $9.5 billion increase.

During the first quarter, consumer credit expanded at a seasonally adjusted annual rate of 1.5%.

Revolving credit, which includes credit cards, rose at a 2.3% annual pace, while nonrevolving credit, such as auto and student loans, increased at a 1.2% rate.

For March alone, overall consumer credit grew at an annual rate of 2.4%, indicating a modest pickup in household borrowing.