Tag Archives: Consumer Credit

U.S. Consumers Further Opened Up the Credit Spigot in December 2011 – Consumer Credit +9.25%

Posted on February 7, 2012 by | Leave a comment

It was “U.S. consumers gone wild” in December 2011, as far as use of credit is concerned.  The U.S. Federal Reserve Board has reported that consumer credit jumped 9.25 percent in December.  For the fourth quarter of 2011, consumer credit rose at an annual rate of 7.5 percent; credit cards rose at a 4.5 percent annual clip and nonrevolving debt, mostly car loans, rose at a 9 percent annual pace in the quarter.  Anybody still expecting a recession?

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Posted in Consumer Credit, Economy, Federal Reserve Board

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U.S. Consumer Credit Leaps 10% in November 2011 on Jump in Auto Loans

Posted on January 9, 2012 by | Leave a comment

The U.S. Federal Reserve Board has reported that consumer credit increased at an annual rate of 10 percent in November 2011. The move was led mainly by auto loans as nonrevolving credit increased at an annual rate of 10.75 percent. However, it appears that consumers cranked up credit card borrowing as well: revolving credit increased at an annual rate of 8.5 percent.

For more information, please click on the Consumer Credit Statistics page in the menu bar.

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U.S. Consumer Credit Increased 3.75% in October 2011 on Jump in Auto and Other Consumer Loans

Posted on December 7, 2011 by | Leave a comment

The Federal Reserve Board has reported that consumer credit increased at an annual rate of 3.75 percent in October 2011. Revolving credit increased at an annual rate of 0.5 percent, and nonrevolving credit, which includes auto and student loans among other types of consumer loans, increased at an annual rate of 5.25 percent.

To view the full report, please click on the Consumer Credit Statistics page in the menu bar.

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U.S. Consumer Credit +3.5% in September 2011, +1.5% in Third Quarter of 2011

Posted on November 7, 2011 by | Leave a comment

The U.S. Federal Reserve Board has reported that consumer credit increased at an annual rate of 1.5 percent in the third quarter. Revolving credit decreased at an annual rate of 3.25 percent, while nonrevolving credit increased 3.75 percent. In September, consumer credit increased at an annual rate of 3.5 percent.  Auto loans and student loans led the increase in credit, while households continued to reduce revolving debt.

For more information, please click on the Consumer Credit Statistics page in the menu bar.

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U.S. Consumers Pull Back on Credit in August 2011

Posted on October 7, 2011 by | Leave a comment

Concerns over the financial situation in Europe and the tortured negotiations over the federal deficit in the U.S. may have led U.S. consumers to pull back on credit in August 2011.  The Federal Reserve has reported that consumer credit decreased at an annual rate of 4.5 percent in August 2011. Revolving credit decreased at an annual rate of 3.5 percent, and nonrevolving credit decreased at an annual rate of 5.25 percent.

To view the Federal Reserve report, please click on the Consumer Credit Statistics page in the menu bar.

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Posted in Banking, Consumer Credit, Economy, Federal Reserve Board

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