Keeping you up to date on the latest data releases.
- Consumer Credit
In the first month of 2013, outstanding consumer credit increased at a seasonally-adjusted annual rate of 7.0 percent to $2,795 billion, adding a sixth month to a string of positive reports. Turning to the reported changes in the components of the headline number, revolving credit rose at an annual rate of 0.2 percent, and nonrevolving credit, which mainly reflects student and auto loans, increased at an annual rate of 10.0 percent. The current data release carries a revision to December’s preliminary headline number: consumer credit rose by 6.6 percent instead of the previously reported 6.3 percent.