Consumer credit increased $3.4B in October to the best levels since July 2008. The 1.75% year over year expansion is the second consecutive month of gains. Revolving credit declined 8.4% for the 26th straight month while non-revolving credit increased 6.8%. This was driven primarily by new auto loans and student loans. Has the U.S. consumer stopped de-leveraging?
Practical Views on Money and Life
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