trending Market Intelligence /marketintelligence/en/news-insights/trending/eKa7OHvizshX8bbwb1J87w2 content esgSubNav
In This List

US consumer borrowing slows in June

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


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%.