Last Update: 08-Sep-14 15:12 ET
- Consumer credit increased by $26.0 bln in July from an upwardly revised $18.8 bln (from $17.3 bln) in June. The Briefing.com consensus expected consumer credit to increase by $17.4 bln.
- Typically, consumer credit goes through large monthly revisions, but any future revision is unlikely to alter the current trend of double-digit gains.
- Revolving credit increased to $880.5 bln in July from $875.2 bln in June, a gain of $5.3 bln.
- Nonrevolving credit added $20.6 bln in July to $2,357.1 bln from $2336.5 bln in June.
- Consumer credit has grown by an average of roughly $20.0 bln per month in 2014.