US consumer credit increased by $18.06 billion in July, exceeding forecasts for an $11.7 billion gain and accelerating from June. The latest figures put June’s increase at $14.55 billion, compared with $14.17 billion in the earlier account. Revolving credit, including credit card debt, rose $2.80 billion, while nonrevolving credit, including auto and student loans, increased $15.26 billion. The Federal Reserve’s G.19 report tracks non-mortgage household borrowing. Total outstanding consumer credit was about $5.17 trillion in June, including approximately $1.35 trillion in revolving credit and $3.82 trillion in nonrevolving credit such as auto, student and personal loans. Including mortgages, total US consumer debt reached approximately $18.25 trillion in the latest Equifax data, up 2.1% from a year earlier. Consumer spending represents roughly two-thirds of US economic activity, making credit growth an important indicator of economic momentum. Broader industry data also showed improving delinquency metrics, while total consumer credit growth remained in the low-to-mid single digits year over year, a historically manageable pace.