Last Update: 06-Feb-15 15:14 ET
- Consumer credit increased by $14.8 bln in December, up from a downwardly revised $13.5 bln in November. The Briefing.com Consensus expected consumer credit to increase by $15.0 bln.
- Typically, consumer credit goes through substantial revisions before the final numbers are released. Any future revision, however, is unlikely to alter current trends.
- Revolving credit increased by $5.8 bln in December, from $882.1 bln in November to $887.9 bln. That was the largest increase in revolving credit since increasing by $9.4 bln in April 2014.
- Nonrevolving credit increased to $2,423.9 bln in December from $2415.0 bln in November, a gain of $9.0 bln. That was the smallest increase in nonrevolving credit since only $8.8 bln was added in February 2012.
- Consumer credit increased by an average of $17.8 bln per month in 2014.