trending Market Intelligence /marketintelligence/en/news-insights/trending/eKa7OHvizshX8bbwb1J87w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

US consumer borrowing slows in June

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Fintech Intelligence Newsletter: February 2021

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally


US consumer borrowing slows in June

U.S. consumer credit rose at a seasonally adjusted rate of 3.9% in June compared to the same period of last year, but down from the revised 5.7% rate of annual expansion recorded in May, the Federal Reserve reported.

Total outstanding consumer credit grew by $12.40 billion in June, lower than the $18.28 billion increase in the previous month.

Non-revolving credit rose by $8.27 billion in June after growing by $11.41 billion in May, and revolving credit increased by $4.13 billion after climbing by $6.87 billion.

Non-revolving credit increased at an annual rate of 3.5%, while revolving credit rose at an annual rate of 4.9%.