The Housing Chronicles Blog: August consumer credit use slowed from July, but YTD borrowing up 6.7 percent

Friday, October 6, 2017

August consumer credit use slowed from July, but YTD borrowing up 6.7 percent

Total consumer credit slowed to a gain of $13.1 billion, after a $17.7 billion jump in the prior month, Credit growth was up at a 4.2% annual pace in the month, down from a 5.7% pace in July. For all of 2016, consumer borrowing rose at a 6.7% rate.

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