April 2013 Consumer Credit Growth of 6% in a 2.4% Economy

Written by Steven Hansen The headline said: In April, consumer credit increased at a seasonally adjusted annual rate of 4-3/4 percent. Revolving credit increased at an annual rate of 1 percent, while nonrevolving credit increased at an annual rate of 6-1/2 percent. Econintersect takeaway from the data: Unadjusted total consumer credit is down 0.1% month-over-month, …

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 March, consumer credit increased at an annual rate of 3-1/2 percent. Econintersect takeaway from the …

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 11 percent. Econintersect takeaway from the data: The month-over-month improvement in consumer credit was 0.3%, …

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 consumer credit change was over 100% driven by student loans.  As student loans are a …

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 December, consumer credit increased at an annual rate of 6-1/4 percent. Econintersect takeaway from the …