And Revolving Consumer Credit Shrinks Again In July

Woman Credit Card

We shall have a chart on the full Consumer Credit picture shortly, but here’s what you need to know.

Revolving Consumer Credit (read: credit cards) shrunk from $837 billion to $832 billion from June to July.

Nonresolving consumer credit (all other kinds of loans) grew ever so modestly from $1590.3 billion billion to $1591 billion.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at