Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit continued to improve in March, increasing 0.8 percent to $2,542.3 billion. Compared to March 2011, total consumer credit outstanding is up 5.0 percent, the largest year-over-year increase since June 2008. March’s performance can be attributed to improvements in both revolving and nonrevolving consumer credit. Revolving credit rose for the first time two months, improving 0.6 percent and is up 1.4 percent compared to March of 2011. Nonrevolving credit improved for the seventh consecutive month, increasing 0.9 percent. On a year-over-year basis, nonrevolving credit is up 6.8 percent.