Updated: 07-Jun-17 15:55 ET
| April Consumer Credit |
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| Updated: 07-Jun-17 15:55 ET |
Highlights
- Total outstanding consumer credit increased by $8.1 billion in April (Briefing.com consensus $15.0 billion) after increasing an upwardly revised $19.6 billion (from $16.4 billion) in March.
Key Factors
- The growth in April was driven predominately by nonrevolving credit, which was up $6.6 billion from March to $2.81 trillion.
- Revolving credit increased by $1.5 billion to $1.011 trillion.
Big Picture
- Consumer credit increased at a seasonally adjusted annual rate of 2.50% in April, with revolving credit increasing at an annual rate of 1.75% and nonrevolving credit increasing at an annual rate of 3.00%.
| Category | APR | MAR | FEB | JAN | DEC |
| Total Credit | $8.1B | $19.6B | $16.5B | $11.4B | $13.6B |
| Revolving | $1.5B | $5.4B | $4.4B | -$0.9B | $2.7B |
| Nonrevolving | $6.6B | $14.2B | $12.1B | $12.3B | $10.9B |