Consumer revolving credit declined an estimated $2.7 billion in February from January (which was down a revised $4 billion from December).
Consumer credit increased at an annual rate of 3.75% in February 2011. Nonrevolving credit increased at an annual rate of 7.75 %, while revolving credit decreased at an annual rate of 4%.
Click here to read the article: http://www.federalreserve.gov/releases/g19/current/g19.htm
For an in-depth perspective on this topic, read this related PaymentsJournal article.
