Consumer Credit Rebounds in November

Revolving Credit Keeps Climbing Higher
- Total consumer credit increased $24.5 billion in November, aided by a $11.0 billion jump in revolving credit. On a year over-year basis, revolving credit is growing faster than nonrevolving credit for the first time since 2008.
- Given the sizable jump in consumer confidence to end 2016 and the ever-tightening labor market, revolving credit seems likely to carry its momentum into the new year.
Author

Wells Fargo Research Team
Wells Fargo

















