Last Update: 28-Aug-15 18:14 ET
- Consumer credit increased by $20.7 bln in June after increasing by an upwardly revised $16.5 bln (from $16.1 bln) in May. The Briefing.com Consensus expected consumer credit to increase by $17.0B.
- There are generally large revisions to the consumer credit data. Any future revisions, however, are unlikely to alter the current trend.
- Revolving credit increased by $5.5 bln in June, from $906.5 bln to $901.0 bln in May. That was the fifth consecutive increase in revolving credit.
- Nonrevolving credit increased to $2,515.6 bln in June from $2,500.4 bln in May, a gain of $15.2 bln.
- Consumer credit has increased by an average of $17.5 bln each month over the past 12 months.