Keeping you up to date on the latest data releases.
- Consumer Credit
Total consumer credit rose for the eighth consecutive month in April, improving 0.3 percent on a seasonally-adjusted basis. April’s improvement follows upward revisions total consumer credit in February (up $11 billion) and March (up $2.1 billion). Compared to April 2011, total consumer credit outstanding is up 4.8 percent. Growth in total consumer credit in April was driven by an increase in nonrevolving credit which improved 0.6 percent. Compared to April 2011, nonrevolving credit outstanding is up 6.6 percent, the largest annual increase since August 2005. Comparatively, revolving credit fell 0.4 percent in April but is up 1.3 percent on a year-over-year basis.