Federal Reserve Releases July Consumer Credit Data The Federal Reserve released its July consumer credit report, showing a rise of $18.1 billion in total consumer credit, bringing the balance to $5.19 trillion.
Key Figures Annual growth rate: 4.2% Revolving credit growth: 2.5% Non‑revolving credit growth: 4.8% Growth by Credit Type Revolving credit increased by $2.8 billion.
Non‑revolving credit increased by $15.3 billion.
Market Expectations vs Reality Analysts had expected consumer credit to rise by $11.9 billion in July; the actual increase of $18.1 billion surpassed those forecasts.
U.S. Consumer Credit Rises to $5.19 Trillion in July, Up $18.1 Billion
The Federal Reserve announced that U.S. consumer credit increased by $18.1 billion in July, reaching $5.19 trillion and exceeding market expectations of $11.9 billion.
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