Consumer credit in August rose less than expected.
Credit rose by $US16 billion, below expectations for a $US19.5 billion expansion.
In July, consumer credit rose by $US19.1 billion, or 6.7%, on a seasonally adjusted annualized basis to $US3.4 trillion.
This was revised lower to show a $US18.9 billion increase in consumer credit in July.
More to come …