Keeping you up to date on the latest data releases.
- Consumer Credit
Consumer credit rose at a seasonally-adjusted annual rate of 5.9 percent. The change in June was slightly below expectations and equivalent to the second-quarter average of 5.9 percent. June’s consumer credit growth fell in the between that of April (4.2 percent) and May (7.5 percent). Revolving credit growth reversed from an annualized percentage change of 9.5 percent in May to −3.7 percent in June. Nonrevolving credit growth increased from 7.0 to 10.5 percent from May to June, rising $16.5 billion after an increase of $11.1 billion in the previous month.