Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit outstanding improved in September, increasing 0.3 percent. On a year-over-year basis, total consumer credit is up 2.4 percent. For September, growth was concentrated in nonrevolving accounts, which grew 0.5 percent. Compared to September of last year, nonrevolving accounts are up 4.7 percent. The improvement in nonrevolving consumer credit has coincided with a sharp improvement in lightweight vehicle sales, which rose 8.0 percent in September. Comparatively, revolving accounts declined in September, falling 0.1 percent and are down 2.0 percent on a year-over-year basis.