- In the United States, consumer credit increased by $40.15 billion compared to $25.0 billion
- revolving credit increased by $14.8 billion
- Non-revolving credit increased by $24.3 billion
- Over the year, revolving credit increased by 14.6% while non-revolving credit increased by 6.9%.
The month-to-month volatility is quite bullish. Inflation impacts portfolios and can lead to more borrowing to make ends meet. That said, balance sheets are still strong overall. So it’s hard to say it’s a huge problem, but it can be concerning.