Keeping you up to date on the latest data releases.
- Consumer Credit
The current consumer credit release publishes preliminary numbers not only for the month of September but also for the third quarter of 2012. In September, total consumer credit increased at a seasonally adjusted annual rate of 5.0 percent, a slight slowdown in view of the upwardly revised corresponding figure for August: 8.2 percent. That 5.0 percent is the net result of a 4.1 percent decline in revolving credit and a 9.2 percent increase in nonrevolving credit. In the third quarter, total consumer credit increased at an annual rate of 4.0 percent. Revolving credit decreased at an annual rate of 1.6 percent, while nonrevolving credit increased 6.6 percent. All three figures are lower than the corresponding figures from the second quarter, headlined by a 2.5 percentage point decline in total consumer credit.