August 2013 Consumer Credit Growth Remains Soft

Written by Steven Hansen Econintersect analysis is that total consumer credit growth has decelerated 0.3% month-over-month, and the year-over-year growth is 5.9% – relatively unchanged from last month. The seasonally adjusted consumer credit headlines are showing a growth of only 5.5%. There was significant backward revision to the data, but the overall “feel” of the …

July 2013 Consumer Credit Growth Is Relatively Flat

Written by Steven Hansen Econintersect analysis is that total consumer credit growth has accelerated 0.2% month-over-month, and the year-over-year growth is 6.0% – relatively unchanged from last month. The seasonally adjusted consumer credit headlines are showing a growth of only 4.5%.

June 2013 Consumer Credit Growth of 6%

Written by Steven Hansen Econintersect’s analysis is that total consumer credit growth has accelerated 0.2% month-over-month, and the year-over-year growth is 5.9% – relatively unchanged from last month. This month consumer credit headlines are correctly stating the real growth.

May’s Consumer Credit, LPS Mortgage Monitor and JOLTS

by rjs, MarketWatch 666 This article is cross-posted with MarketWatch 666 and Naked Capitalism. It was a relatively slow week just past for economic releases, with only reports on wholesale inventories and prices and an almost unchanged report on May job openings reported, in addition to the regular weekly releases, which can be quite noisy. …

May 2013 Consumer Credit Growth of 8.25% Is Imaginary

Written by Steven Hansen The headline said: Consumer credit increased at an annual rate of 8-1/4 percent in May. Revolving credit increased at an annual rate of 9-1/4 percent, while nonrevolving credit increased at an annual rate of 8 percent. Econintersect takeaway from the data: Unadjusted total consumer credit is down 0.1% month-over-month, and the …