Keeping you up to date on the latest data releases.
- Consumer Credit
In the last month of 2012, outstanding consumer credit increased at a seasonally-adjusted annual rate of 6.3 percent to $2,778 billion, adding a fifth month to the string of positive reports. Looking now at changes in the components of the headline number, revolving credit fell at an annual rate of 5.1 percent, while nonrevolving credit increased at an annual rate of 11.5 percent (the greatest gain since January of last year). The current data release carries a revision to November’s preliminary change in revolving credit: it rose by 0.8 percent instead of 1.1 percent.