Percent Change of Total Nonrevolving Consumer Credit
NONREVSLAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.70
Year-over-Year Change
193.48%
Date Range
2/1/1943 - 6/1/2025
Summary
The Percent Change of Total Nonrevolving Consumer Credit tracks the quarterly growth or decline in consumer loans excluding credit cards. This metric provides critical insights into consumer borrowing behavior and overall economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Nonrevolving credit includes personal loans, auto loans, and student loans that have fixed repayment terms. Economists use this indicator to assess consumer financial confidence and potential economic expansion or contraction.
Methodology
The Federal Reserve calculates this metric by measuring the percentage change in total nonrevolving credit outstanding from one quarter to the next.
Historical Context
Policymakers and financial analysts use this trend to understand consumer spending patterns, credit market dynamics, and potential economic stimulus requirements.
Key Facts
- Reflects consumer borrowing outside of revolving credit like credit cards
- Indicates potential consumer confidence and economic momentum
- Helps predict potential changes in consumer spending and economic growth
FAQs
Q: What types of loans are included in nonrevolving credit?
A: Nonrevolving credit includes personal loans, auto loans, student loans, and other fixed-term installment loans with predetermined repayment schedules.
Q: How does nonrevolving credit differ from revolving credit?
A: Nonrevolving credit has a fixed repayment term and amount, while revolving credit like credit cards allows flexible borrowing and repayment.
Q: Why do economists track this metric?
A: This trend helps economists understand consumer financial behavior, credit market health, and potential economic expansion or contraction.
Q: How often is this data updated?
A: The Federal Reserve typically updates nonrevolving credit data quarterly, providing a current snapshot of consumer borrowing trends.
Q: What can a positive percentage change indicate?
A: A positive percentage change suggests increased consumer borrowing, which can signal economic confidence and potential economic growth.
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Related Trends
Nonrevolving Consumer Credit Securitized by Depository Institutions
DTCNLNHDNM
Nonrevolving Consumer Credit Owned by Federal Government, Flow
FLNREVNGOV
Total Securitized Consumer Credit
TOTALSEC
Total Consumer Credit Owned by Depository Institutions
TOTALDI
Total Consumer Credit Owned and Securitized, Flow
FLTOTALSL
Total Consumer Credit Owned by Federal Government
TOTALGOV
Citation
U.S. Federal Reserve, Percent Change of Total Nonrevolving Consumer Credit [NONREVSLAR], retrieved from FRED.
Last Checked: 8/1/2025