Proprietary Report with Analysis on U.S. Revolving Consumer Credit.

Report Summary:

U.S. consumer revolving credit for May, mostly credit card debt (95%), continued to climb above the $1 trillion milestone set in December, growing at a solid clip annually. While climbing steadily throughout 2016, consumer revolving credit increased at an +8.7% annual rate of growth in May, compared to a revised +1.4% annual rate in April and a revised +3.7% annual rate in March.

Non-revolving credit increased at an annual rate of +4.7% in May.

Total revolving credit for May posted at $1018.5 billion, compared to a revised $1009.1 billion in April, and a revised $1010.0 billion in March, according to the Federal Reserve.

On a quarterly basis U.S. revolving . . . .

 

About CardData:

Since 1995 CardData is the most trusted and widely referenced collection of accurate information on the payments industry. Our unique industry contacts as well as our panel of experts makes certain that our data is the most accurate you will find anywhere. Government agencies, Fortune 500 companies, financial firms and the most prestigious universities rely on CardData every day. If you do not see the exact data you are looking for, please complete a research request. Most requests are fulfilled free of charge for existing subscribers. If your request does have an additional fee required, you will be notified of the cost before you are charged any fees.