Prior month 31.019B vs 27.951B previously reported

The US consumer credit for December increased by $18.447B. That was less than the $20B expected increase.

The prior month was revised higher, however, to $31.01B from $27.951B previously reported.

  • No one revolving borrowing climbed 13.3 billion
  • Credit card, other revolving debt rose by 5.1 billion. November saw a $11B increase
  • Non revolving debt increased by $13.3B after a $20B increase in November
  • Consumer credit rose by 5.4% in 2017 after a 6.7% increase in 2016