US August consumer credit +14.4B vs +17.5B expected

US consumer credit outstanding Prior was 17.0B Revolving credit +2.98B Non-revolving +11.39B Revolving is usually credit cards while non-revolving is auto and student loans. It's not a big surprise that revolving didn't rise too much in a month where the pandemic returned. Look for it to pick up late this year. Invest in yourself. See our forex education hub.

US August consumer credit +14.4B vs +17.5B expected

US consumer credit outstanding

US August consumer credit
  • Prior was 17.0B
  • Revolving credit +2.98B
  • Non-revolving +11.39B

Revolving is usually credit cards while non-revolving is auto and student loans. It's not a big surprise that revolving didn't rise too much in a month where the pandemic returned. Look for it to pick up late this year.


Invest in yourself. See our forex education hub.