U.S. August Consumer Credit decreased $7.2B

Consumer credit falls by $-7.22 billion. That is a big miss from the $14 billion gain expected.

Prior month was revised higher to $14.67 billion from $12.25 billion.

Revolving credit fell $-9.4 billion to $0.985 trillion.

Nonrevolving credit rose $2.2 billion to $3.159 trillion.

August Consumer Credit