Keeping you up to date on the latest data releases.
- Consumer Credit
In April, outstanding consumer credit increased at a seasonally-adjusted annual rate of 4.7 percent to $2,820 billion, outpacing March’s upwardly revised increase of 3.6 percent. Revolving credit rose by 1.0 percent, and nonrevolving credit, which mainly reflects student and auto loans, rose by 6.4 percent. Revisions to March’s preliminary numbers show that revolving consumer credit fell by 1.3 percent, while nonrevolving rose by 5.7 percent.