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US consumer credit rose by $27.57 billion for February much higher than a $2.8 billion estimate. This was the highest gain since $29.225 billion in November 2017. Revolving credit increased at an annual rate of 10.1 percent.

US Consumer Debt Change Feb 2021

US consumer credit for February 2021

  • The US consumer credit rose by $27.578B vs $2.8 billion estimate.
  • Revolving credit rose $8.1 billion to $0.974 trillion
  • Non revolving credit rose $19.5 billion to $3.231 trillion

United States Consumer Credit Change

In February, consumer credit increased at a seasonally adjusted annual rate of 7.9 percent. Revolving credit increased at an annual rate of 10.1 percent, while nonrevolving credit increased at an annual rate of 7.3 percent.

Source: Federal Reserve

From The TradersCommunity News Desk

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