Consumer Credit Unexpectedly Weak, Especially Revolving Credit Card Debt

In the above chart, nonrevolving government is not seasonally adjusted, the rest of the numbers are.

The Federal Reserve Consumer Credit Report for August shows seasonally-adjusted  rise in credit of $14.4 billion.

Seasonally Adjusted Consumer Credit Details

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  • Total Credit: +14.4 Billion
  • Revolving Credit: +3.0 Billion
  • Nonrevolving Credit: +11.4 Billion

Not Adjusted Consumer Credit Details

  • Total Credit: +40.7 Billion
  • Revolving Credit: +9.5 Billion
  • Nonrevolving Credit: +31.1 Billion
  • Nonrevolving Government: +14.5 Billion

Nonrevolving government credit is a subset of nonrevolving. It includes student debt. Nearly half of the rise in nonrevolving credit was student debt.

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