August US Consumer Credit Posts Smaller-Than-Expected Gain
MT newswire2026/10/07 19:0303:03 PM EDT, 10/07/2026 (MT Newswires) -- US consumer credit use rose by $8.3 billion in August, compared with a $15 billion increase expected in a survey compiled by Bloomberg and following a $17.7 billion increase in the previous month. Revolving credit use fell by $4.8 billion in August after rising by $2.8 billion in July, but nonrevolving credit, which includes purchases of vehicles, increased by $13.1 billion after a $15.0 billion increase in the previous month.
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