Last Update: 18-Sep-15 21:32 ET
- Consumer credit increased by $19.1 bln in July after increasing by an upwardly revised $27.0 bln (from $20.7 bln) in June. The Briefing.com Consensus expected consumer credit to increase by $18.0 bln.
- There are generally large revisions to the consumer credit data. In that vein, there were considerable upward revisions in consumer credit growth in May ($19.7 bln from 16.5 bln) and April ($24.2 bln from $21.4 bln).
- Revolving credit increased by $4.3 bln in July, from $910.3 bln in June to $914.6 bln. That was the fifth consecutive increase in revolving credit.
- Nonrevolving credit increased to $2,538.8 bln in July from $2,524.0 bln in June, a gain of $14.8 bln.
- Consumer credit has increased by an average of $18.4 bln each month over the past 12 months.