Prior month revised a touch lower at 18.285B vs 18.41B
The July consumer credit increased by 12.397B vs 15.25B estimate.
- Credit card and other revolving debt rises by 4.1B
- Non revolving borrowing rises by 8.3B.
- The non revolving gain is the smallest since June 2016. Slower car sales are contributing to the lower number.
- The consumer credit report does not track debt secured by real estate (i.e. home equity loans, and home mortgages).