Updated: 07-Jun-17 15:55 ET
|Updated: 07-Jun-17 15:55 ET
- 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.
- 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.
- 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%.