Consumer credit in the U.S. increases by $16.02 billion in August

Market news

8 October 2015

Consumer credit in the U.S. increases by $16.02 billion in August

The Fed released its consumer credits figures on Wednesday. Consumer credit in the U.S. rose by $16.02 billion in August, missing expectations for a $19.0 billion increase, after a $18.94 billion gain July. July's figure was revised down from a $19.1 billion rise. The increase was driven by gains in both revolving and non-revolving credit. Revolving credit climbed by $4.0 billion in August, while non-revolving credit jumped by $12.0 billion.

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