U.S. Consumer Credit Increased by $20.52 Billion in October

Date : 12/07/2017 @ 3:30PM
Source : Dow Jones News

U.S. Consumer Credit Increased by $20.52 Billion in October

    By Sarah Chaney and Sharon Nunnn 
 

WASHINGTON--U.S. consumer borrowing rose in October, according to new data from the Federal Reserve.

Outstanding consumer credit, a measure of non-real estate debt, rose by $20.52 billion in October from the prior month, climbing at a 6.51% seasonally adjusted annual rate, the Fed said Thursday. Total outstanding credit increased a revised $19.21 billion in September.

Economists surveyed by The Wall Street Journal expected a $17.2 billion increase in October.

Revolving credit outstanding, mostly credit cards, increased at a 9.9% annual pace in October. Nonrevolving credit outstanding, mainly student and auto loans, rose at a 5.3% annual pace.

Household debt totaled $12.955 trillion in the third quarter, up 0.9% from the spring, the Federal Reserve Bank of New York said last month. That was the most on record, though the figure wasn't adjusted for inflation.

The Federal Reserve's latest report on consumer credit can be accessed at: https://www.federalreserve.gov/releases/g19/current/

Write to Sarah Chaney at sarah.chaney@wsj.com and Sharon Nunn at sharon.nunn@wsj.com

 

(END) Dow Jones Newswires

December 07, 2017 15:15 ET (20:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.