consumer credit

Consumer Credit Increases By $19.3 Billion

The Federal Reserve's consumer credit report for September 2016 shows a 6.3% annualized monthly increase in consumer credit, and 7.0% for the entire third quarter.  Revolving credit increased 5.2% for the month as well as Q3,.  Non-revolving credit increased 7.4% for September and 7.6% for Q3.  Consumer credit matters due to personal consumption being the driving force in economic growth.

 

Consumer Credit Rises 5.4% on Student Loans Again for August 2013

The Federal Reserve's consumer credit report for August 2013 shows a 5.4% annualized monthly increase in consumer credit, driven by student loans.  Once again student loans increased, while credit card debt declined.   Revolving credit declined by -1.2%, and non-revolving credit jumped another 8.0%.  This is the third month in a row revolving credit has declined.

Consumer Credit Report Shows Credit Card Use Down for July 2013

The Federal Reserve's consumer credit report for July 2013 shows a 4.4% annualized monthly increase in consumer credit, driven by auto loans.  Once again student loans increased, while credit card debt declined.   Revolving credit declined by -2.6%, and non-revolving credit jumped another 7.4%.  June showed consumer credit increasing by a 5.1% annualized rate.

Consumer Credit 7.0% Increase Driven By Student Loans for November 2012

The Federal Reserve's consumer credit report for November 2012 shows a 7.0% annualized monthly increase in consumer credit, once again driven by student loans. Revolving credit increased by 1.1%, and non-revolving credit jumped another 9.6%. October showed consumer credit increasing by a 6.2% annualized rate.

 

Consumer Credit Increases 5.0% on Student Debt for September 2012

The Federal Reserve's consumer credit report for September 2012 shows a 5.0% annualized monthly increase in consumer credit, once again driven by student loans. Revolving credit declined, -4.1%, and non-revolving credit increased 9.2 %. For Q3, consumer credit increased 4.0% annualized, with revolving credit declining -1.5% and non-revolving increasing 6.5% for the third quarter.

 

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