Consumer credit in the U.S. increases by $17.22 billion in February

Market news

8 April 2016

Consumer credit in the U.S. increases by $17.22 billion in February

The Fed released its consumer credits figures on Thursday. Consumer credit in the U.S. rose by $17.22 billion in February, exceeding expectations for a $14.74 billion increase, after a $14.9 billion gain in January. January's figure was revised up from a $10.54 billion rise.

The increase was mainly driven by gains in non-revolving credit. Revolving credit rose by $3.0 billion in February, while non-revolving credit jumped by $14.3 billion.

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