Eye On Housing
Recently released data from the Federal Reserve Board shows that seasonally adjusted consumer credit outstanding rose by 7.25% in December 2013 to $3.1 trillion. Revolving credit, which is composed of credit cards, grew by 7.0% while non-revolving credit, largely composed by student loans and auto loans, increased by 7.4%. Over the year of 2013, growth in consumer credit accelerated by… Read More ›
Tag Archive for ‘consumer credit’
Consumer Credit Rises in November
Data released by the Federal Reserve Board indicates that consumer credit outstanding rose at a seasonally adjusted annual rate of 4.8% in November. The amount of consumer credit outstanding now totals $3.1 trillion. The November expansion of consumer credit outstanding mostly reflects a 6.4% increase in non-revolving debt. Non-revolving debt outstanding, which is largely composed of student loan and auto… Read More ›
Majority of Non-Revolving Credit Held By Federal Government
Recently released data from the Federal Reserve Board indicates that consumer credit outstanding is continuing to expand. According to the release, total consumer credit outstanding increased at a seasonally adjusted rate of 5.4% in September. For the quarter overall, consumer credit rose by 5.2%. The September increase in consumer credit reflected an 8.7% increase in non-revolving credit, which encompasses student… Read More ›
Student Loans Fuel Expansion of Consumer Credit
Data from the Federal Reserve Board indicates that consumer credit continues to expand. According to the most recent release, the total amount of consumer credit outstanding rose by an annual rate of 5.4% in August to $3.0 trillion. In July, consumer credit rose by 4.1%. The acceleration in consumer credit outstanding partly reflects a higher rate of growth in non-revolving… Read More ›
Soaring Revolving Credit May Not Indicate Strengthening Consumer Demand
The Federal Reserve Board reported that the total amount of consumer credit outstanding grew by a seasonally adjusted annual rate of 8.3% to $2.8 trillion in May, as debt associated with student and car loans, as well as credit card debt rose. In April, consumer credit outstanding rose by 4.6%. The month-over-month increase in consumer credit outstanding reflected acceleration in… Read More ›
Growth in Consumer Credit Accelerates
According to the Federal Reserve Board, growth in the amount of consumer credit outstanding, this includes outstanding credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate, accelerated in April. According to the release, the amount of consumer credit outstanding increased at a seasonally adjusted annual rate of 4.7% in April, 1.1 percentage… Read More ›
Non-revolving Credit Continues Growing, but Revolving Credit Declines
The total amount of consumer credit outstanding expanded for the 19th consecutive month, but growth in March occurred at a slower rate than in previous months. According to the Federal Reserve Board, consumer credit outstanding grew at a seasonally adjusted annual rate of 3.5% in March to $2.8 trillion. In February, consumer credit rose by 8.0% and by 5.5% in… Read More ›