Consumer Credit Rose $28.90 Billion in September

Consumer credit increased by $28.9 billion in September to $3.499 trillion, the Federal Reserve reported Friday.

Processing Content

In August, consumer credit rose an unrevised $16.0 billion to $3.470 trillion.

Economists polled by Thomson Reuters predicted a $17.8 billion increase in the month.

Revolving credit outstanding in September edged up to $925.2 billion from $918.5 billion the previous month.

Non-revolving credit rose to $2.574 trillion from $2.551 trillion.

Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.


For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER
Load More