Consumer Credit Roughly In Line With Expectations

Consumer credit came in roughly in line with expectations, up $17.9 billion in August versus July's lower revised $23.0 billion. Revolving credit, reflecting credit card debt, fell $1.9 billion after increasing $9.4 billion previously, while nonrevolving credit, where student loans and vehicle financing are tracked, rose by a sharp $19.8 billion versus July's $13.7 billion.