In February, consumer credit increased at a seasonally adjusted annual rate of 4-3/4 percent. Revolving credit increased at an annual rate of 3-1/2 percent, while nonrevolving credit increased at an annual rate of 5-1/4 percent, according to the Federal Reserve.
Consumer Credit Growth (Seasonally Adjusted). Recessions are shaded.
This covers most credit extended to individuals, excluding loans secured by real estate, including student loans, car loans, and credit cards.
