Tag Archives: consumer credit

Consumer Credit Growth Continued in December

Consumer credit increased at a seasonally adjusted annual rate of 5.8% in December, down from a 9.8% rate in November. Total outstanding credit increased $18.4 billion during the month (compared with $31.0 billion in November) to $3.84 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 6.0% to $1.03 trillion, compared to a ...

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Consumer Credit Growth Accelerates in November

Consumer credit increased at a seasonally adjusted annual rate of 8.8% in November, up from a 6.5% rate in October. Total outstanding credit increased $27.9 billion during the month (compared with $20.6 billion in October) to $3.83 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 13.3% to $1.02 trillion, compared to a ...

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Consumer Credit Growth Surges in October

Consumer credit increased at a seasonally adjusted annual rate of 6.5% in October, up from a 6.1% rate in September. Total outstanding credit increased $20.5 billion during the month (compared with $19.2 billion in September) to $3.80 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 9.9% to $1.01 trillion, compared to a ...

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Consumer Credit Growth Accelerates in September

Consumer credit increased at a seasonally adjusted annual rate of 6.6% in September, up from a 4.2% rate in August. Total outstanding credit increased $20.8 billion during the month (compared with $13.1 billion in August) to $3.79 trillion. September’s report was the largest increase since November 2016. Revolving credit, largely a reflection of credit card debt, grew at an annual ...

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Consumer Credit Growth Slowed in August

Consumer credit increased at a seasonally adjusted annual rate of 4.2% in August, down from a downwardly revised 5.7% rate in July. Total outstanding credit increased $13.1 billion during the month (compared with $17.7 billion in July) to $3.77 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 7.0% to $1.0 trillion, compared ...

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Consumers’ Spending Expectations Increase

Americans’ expectations for how much more they will spend in the next year were at 3 percent in August, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations.

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Consumer Credit Growth Accelerated in July

Consumer credit increased at a seasonally adjusted annual rate of 5.9% in July, up from a downwardly revised 3.8% rate in June. Total outstanding credit increased $18.5 billion during the month (compared with $11.9 billion in June) to $3.75 trillion. Revolving credit, largely a reflection of credit card debt, grew at an annual rate of 3.2% to $1.0 trillion, compared ...

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