Keeping you up to date on the latest data releases.
- Consumer Credit
Consumer credit rose at a seasonally-adjusted annualized rate of 4.4 percent in July. July’s consumer credit growth was below both June and May figures (5.1 percent 6.8 percent, respectively). Revolving credit growth fell −2.6 percent in July, compared to a −5.2 percent decline in June. Nonrevolving credit growth decreased from 9.5 percent to 7.4 percent from June to July, rising $12.2 billion after an increase of $16.5 billion in the previous month.