Consumer Credit - February 2016


ECONODAY: Consumer credit rose $17.2 billion in February with January revised higher to $14.9 billion. Nonrevolving credit, reflecting gains for vehicle financing and student loans, rose $14.2 billion with revolving credit, where credit-cards are tracked, pulling up the rear as usual as with a gain of $2.9 billion. The lack of gains for revolving credit is good in the sense that it points to consumer wherewithal but negative relative to short-term consumer spending...