The U.S. Federal Reserve Board has reported that consumer credit increased at an annual rate of 4.25 percent in February 2012. Revolving credit declined at an annual rate of 3.25 percent, while nonrevolving credit increased at an annual rate of 7.75 percent.
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Posted in Consumer Credit, Economy
Tagged Consumer Credit, Economy, Revolving Credit
The U.S. Federal Reserve Board has announced that consumer credit increased at an annual rate of 8.5 percent in January 2012. However, the increase was not universal across types of credit. Revolving credit decreased at an annual rate of 4.5 percent, while nonrevolving credit (which is mostly consumer loans like auto loans) increased at an incredible annual rate of 14.75 percent.
For more information, please click on the Consumer Credit Statistics page in the menu bar.
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?
For more information, please click on the Consumer Credit Statistics page in the menu bar.
Posted in Consumer Credit, Economy, Federal Reserve Board
Tagged Consumer Credit, Economy
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.
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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Gregg D. Killoren
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