Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit outstanding continued to increase in June, improving 0.6 percent. The improvement follows a 0.2 percent increase in May. On a year-over-year basis, total consumer credit outstanding rose for the third consecutive month, increasing 1.7 percent. June’s improvement was driven by increases in both revolving and nonrevolving accounts. For the period, revolving accounts increased 0.7 percent while nonrevolving accounts rose 0.6 percent. Up 4.3 percent on a year-over-year basis, the nonrevolving credit segment continues to be the main driver in total consumer credit outstanding, which partially reflects a improvement in sales for automobiles and other expensive items that require financing.