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Tag Archives: revolving credit
March 2013 Consumer Credit Growth Weaker Than Expected
Written by Steven Hansen The headline said: Consumer credit increased at a seasonally adjusted annual rate of 5-3/4 percent during the first quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 8 percent. In … Continue reading
February 2013 Consumer Credit Growth Increases
Written by Steven Hansen The headline said: In February, consumer credit increased at a seasonally adjusted annual rate of 7-3/4 percent. Revolving credit increased at an annual rate of 3/4 percent, while nonrevolving credit increased at an annual rate of … Continue reading
January 2013 Consumer Credit Growth Continues Because of Student Loans
Written by Steven Hansen The headline said: In January, consumer credit increased at a seasonally adjusted annual rate of 7 percent. Revolving credit was little changed, while nonrevolving credit increased 10 percent. Econintersect takeaway from the data: January 2013 unadjusted … Continue reading
December 2012 Consumer Credit Growth Continues
Written by Steven Hansen The headline said: Consumer credit increased at a seasonally adjusted annual rate of 6-1/2 percent during the fourth quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 9-1/2 percent. In … Continue reading
November 2012 Consumer Credit Growing At Pre-Recession Rates
Written by Steven Hansen The headline said: In November, consumer credit increased at a seasonally adjusted annual rate of 7 percent. Revolving credit increased at an annual rate of 1 percent, while nonrevolving credit increased at an annual rate of … Continue reading
Consumer Credit Continues to Expand in October 2012
Written by Steven Hansen The headline said: In October, consumer credit increased at a seasonally adjusted annual rate of 6-1/4 percent. Revolving credit increased at an annual rate of 4-3/4 percent, while nonrevolving credit increased at an annual rate of … Continue reading
Consumer Credit Driven by Student Loans in September 2012
Written by Steven Hansen The headline said: Consumer credit increased at a seasonally adjusted annual rate of 4 percent in the third quarter. Revolving credit decreased at an annual rate of 1-1/2 percent, while nonrevolving credit increased 6-1/2 percent. In … Continue reading
Consumer Credit Clearly is Expanding in August 2012
Written by Steven Hansen The headline said: In August, consumer credit increased at a seasonally adjusted annual rate of 8 percent. Revolving credit increased at an annual rate of 6 percent, and nonrevolving credit increased at an annual rate of … Continue reading
Consumer Credit Contracts in July 2012 – Reason = Student Loans
Written by Steven Hansen The headline said: In July, total consumer credit decreased at a seasonally adjusted annual rate of 1-1/2 percent. Revolving credit decreased at an annual rate of 6-3/4 percent, and nonrevolving credit increased at an annual rate … Continue reading
Consumer Credit Driven by Student Loans in June 2012
Written by Steven Hansen After last month’s great credit expansion, June 2012 unadjusted consumer credit was 93% driven by student loans. Overall, credit growth was small in June. The market expected consumer credit to expand $10.0 billion versus the seasonally … Continue reading
Posted in Consumer Credit, aa syndication
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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Consumer Credit May 2012: A Very Positive Data Point Economically
Written by Steven Hansen In an period of less good economic data, a strange data point pops up – May 2012 consumer credit. Consumer credit expanded dramatically (the best month since the end of the Great Recession), and the major … Continue reading
Posted in Consumer Credit, aa syndication
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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Forget Whatever You Knew About Consumer Credit Since 2006
Written by Steven Hansen Sit back, grab a coffee – and forget whatever you knew about consumer credit since 2006. The Federal Reserve literally changed the baseline in April 2012 (released today) likely due to double counting of certain types … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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Student Loans Continue to Drive Consumer Credit in March 2012
Written by Steven Hansen The Fed’s consumer credit report should have stated that student loans continue to drive the credit economy. Consumer credit increased at an annual rate of 7-3/4 percent in the first quarter. Revolving credit was little changed, … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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February 2012 Consumer Credit Growth Unchanged at 4.3%
Written by Steven Hansen I have read over the Fed’s headline statement many times and am loss at correlating it to the data they presented. Consumer credit increased at an annual rate of 4-1/4 percent in February. Revolving credit declined … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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January 2012 Consumer Credit Expands on the Back of Student Loans
Written by Steven Hansen According to the Federal Reserve, January 2012 consumer credit increased at an annual rate of 8.5%. Revolving credit increased at an annual rate of 4.5%, while nonrevolving credit increased at an annual rate of 14.75%. The … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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Consumer Credit Expansion Continues in December
According to the Federal Reserve, December 2011 consumer credit increased at an annual rate of 9.25%. Revolving credit increased at an annual rate of 4.1%, while nonrevolving credit increased at an annual rate of 11.8%. Econintersect spends time on this … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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November 2011 Consumer Credit Grows At Fastest Rate Since October 2008
According to the Federal Reserve, November 2011 consumer credit increased at an annual rate of 10.0%. Revolving credit increased at an annual rate of 8.5%, while nonrevolving credit increased at an annual rate of 10.75%. Econintersect spends time on this … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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Consumer Credit Grew Slightly October 2011, Mostly Student Loans
According to the Federal Reserve, October 2011 consumer credit increased at an annual rate of 3.75%. Revolving credit increased at an annual rate of 0.5%, while nonrevolving credit increased at an annual rate of 5.25%. Econintersect spends time on this … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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September 2011 Consumer Credit Growth Is Due to Student Loans
According to the Federal Reserve, September 2011 consumer credit increased at an annual rate of 3.5%. Revolving credit decreased at an annual rate of 1.0%, while nonrevolving credit increased at an annual rate of 5.8%. A summary for third quarter … Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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August 2011 Consumer Credit Contracts Due to Student Loans
Student loans this month were over 14% of total credit – and accounted for one-half of consumer credit growth. In some previous months, it has been literally the entire growth of consumer credit. Continue reading
Posted in Consumer Credit
Tagged automobile loans, banks, consumer credit, Federal Reserve, G.19, revolving credit, Steven Hansen, student loans
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