Consumer Credit Showing Life, Including Boost From Credit Cards

Consumer credit is showing life and is now getting a boost from credit cards. Consumer credit rose a strong $20.7 billion in June and includes a strong gain of $5.5 billion for revolving credit which is where credit cards are tracked. Strength in credit card use may point to a special lift ahead for the nation's retailers. Non-revolving credit rose $15.2 billion reflecting strength for vehicle sales and also student loans which are tracked in this report.

Recent History Of This Indicator:
Revolving credit has been on the climb in the consumer credit report, offering a possible signal of deepening strength for consumer spending. Still, this report is dominated by the non-revolving component where the inclusion of student loans has been exaggerating gains.