Skip to main content
ECON DATATOOLS
← All Data Briefs

Rates & Fed · August 8, 2026 · 1 min read

Consumer Credit Grew at a 2.6% Annual Rate in Q2, With Faster Revolving Growth

By Econ Data Tools Editorial Team

Published August 8, 2026 • Updated August 21, 2026

Federal Reserve data showed consumer credit increased in the second quarter while revolving credit grew faster than nonrevolving credit.

CONFIRMED FACTS The Federal Reserve’s August 7 Consumer Credit release reported total consumer credit increased at a 2.6 percent seasonally adjusted annual rate in the second quarter of 2026. The series excludes loans secured by real estate. The release reported June consumer credit increased at a 3.3 percent annual rate after a revised 0.3 percent annual-rate decline in May. Revolving credit increased at a 3.9 percent annual rate in the second quarter and 6.0 percent in June; nonrevolving credit increased at 2.1 percent and 2.3 percent, respectively. For the second quarter, the release reported a 20.94 percent average APR for commercial-bank credit-card plans across all accounts and 22.15 percent for accounts assessed interest. ANALYSIS The aggregate release separates a change in outstanding borrowing from the reported cost of carrying credit-card balances. Faster revolving growth does not by itself establish financial stress or a change in underwriting, but it is distinct from the slower nonrevolving-credit figure. UNKNOWNS AND LIMITS The release does not identify borrower-level repayment capacity, delinquencies, income, region, or whether the June reading will persist. The aggregate categories do not determine how much of the change came from any particular credit-card, vehicle, student-loan, or other loan segment. UPDATE LOG Published August 8, 2026 after direct review of the Federal Reserve’s current G.19 release.

Follow the data

Relevant directory links appear to be unassigned.

Sources

Related Briefs

Treasury’s August 20 Bill Auctions Set 3.701% and 3.727% Investment Rates

Treasury’s August 20 auction records show high investment rates of 3.701% for a $110 billion four-week bill offering and 3.727% for a $100 billion eight-week offering.

Treasury’s August 24 Bill Auctions Set 3.803% and 3.918% Investment Rates

Treasury awarded $92 billion of 13-week bills at a 3.803% high investment rate and $79 billion of 26-week bills at 3.918%, according to the Treasury Fiscal Data auction record.

Chicago Fed’s July Activity Index Fell to −0.08 as Its Three-Month Average Turned Negative

The Chicago Fed’s August 24 release put the CFNAI at −0.08 in July, down from +0.06 in June; the three-month average declined to −0.04 from +0.01.