Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit rose 0.7 percent in January, marking the fifth consecutive monthly increase. Since January 2011, total consumer credit has increased in eleven of the last twelve months. Moreover, on a nominal basis, total consumer credit outstanding is down only $70.0 billion from its July 2008 peak. Compared to January 2011, total consumer credit is up 4.3 percent, representing the largest year-over-year increase in consumer credit since July 2008. Nonrevolving accounts continue to be the driver behind total consumer credit growth, increasing 1.2 percent in January. Conversely, revolving consumer credit fell 0.4 percent in January, the first decline in the series since August 2011.