Updated: 06-Apr-18 15:16 ET
| February Consumer Credit |
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| Updated: 06-Apr-18 15:16 ET |
Highlights
- Total outstanding consumer credit increased by $10.6 billion in February (Briefing.com consensus $15.0 billion) after increasing an upwardly revised $15.6 billion (from $13.9 billion) in January.
Key Factors
- The growth in February was driven almost entirely by nonrevolving credit, which was up $10.5 billion from January to $2836.6 billion.
- Revolving credit increased by $0.1 billion to $1030.9 billion.
Big Picture
- Consumer credit increased at a seasonally adjusted annual rate of 3.25% in February, with revolving credit increasing at an annual rate of 0.25% and nonrevolving credit increasing at an annual rate of 4.5%.
| Category | FEB | JAN | DEC | NOV | OCT |
| Total Credit | $10.6B | $15.6B | $19.0B | $32.6 | $20.3B |
| Revolving | $0.1B | $1.4B | $6.1B | $12.4B | $7.4B |
| Nonrevolving | $10.5B | $14.1B | $12.9B | $20.2B | $12.9B |