Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit rose for the sixth consecutive month, improving 0.3 percent in February and is up 4.3 percent on year-over-year basis. Moreover, since September 2011, total consumer credit has expanded by $78.0 billion. The increase in total consumer credit can be attributed to continued strength in nonrevolving accounts, which rose 0.6 percent in February and are up 6.1 percent on a year-over-year basis. Comparatively, revolving accounts declined for the second consecutive month, falling 0.3 percent. Since February 2011, revolving accounts are up a modest 0.7 percent.