Keeping you up to date on the latest data releases.
- Consumer Credit
In August, total consumer credit more than regained the slight dip it sustained between June and July, rising 8 percent on an annualized basis. Both revolving and nonrevolving credit drove the increase in August: revolving credit increased by 5.9 percent and nonrevolving credit increased by 9 percent. These increases leave total consumer credit outstanding at $2,726 billion, and upward revisions to the previously published numbers for June and July bring those months’ figures to $2,710 billion and $2,707.5 billion, respectively.