Nonrevolving Consumer Credit Owned by Nonfinancial Business
NREVNNFC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,835.00
Year-over-Year Change
-0.81%
Date Range
1/1/1943 - 12/1/2019
Summary
Nonrevolving consumer credit owned by nonfinancial businesses represents the total outstanding loans held by non-banking entities for consumer purchases of goods and services. This metric provides insight into consumer borrowing patterns and the broader economic health of lending outside traditional financial institutions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks credit extended by nonfinancial businesses such as retailers, manufacturers, and other commercial entities that offer direct consumer financing. Economists use this trend to understand consumer spending capacity, credit market dynamics, and potential shifts in consumer purchasing behavior.
Methodology
Data is collected through comprehensive financial surveys and reporting requirements from nonfinancial businesses, aggregated and tracked by the Federal Reserve.
Historical Context
Policymakers and financial analysts use this metric to assess consumer credit trends, potential economic stimulus, and the overall health of consumer spending.
Key Facts
- Represents credit extended outside traditional banking systems
- Includes loans from retailers, manufacturers, and other commercial entities
- Provides insight into consumer borrowing and spending patterns
FAQs
Q: What types of businesses typically offer nonrevolving consumer credit?
A: Retailers, auto manufacturers, furniture stores, and other commercial entities often provide direct consumer financing for specific purchases.
Q: How does nonrevolving credit differ from revolving credit?
A: Nonrevolving credit involves a fixed loan amount with predetermined repayment terms, unlike revolving credit which allows ongoing borrowing up to a credit limit.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, providing current insights into consumer credit trends.
Q: Why is nonrevolving consumer credit important for economic analysis?
A: It helps economists understand consumer spending capacity, credit market health, and potential economic growth or contraction.
Q: What are the limitations of this economic indicator?
A: The data may not capture all informal lending practices and can be influenced by seasonal variations in consumer spending.
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Related Trends
Nonrevolving Consumer Credit Securitized by Nonfinancial Business, Flow
DTCNLNHNXDFBANM
Percent Change of Total Nonrevolving Consumer Credit
NONREVSLAR
Nonrevolving Consumer Credit Owned and Securitized by Finance Companies
DTCTLNHFNM
Total Consumer Credit Owned by Credit Unions
TOTALTCU
Total Consumer Credit Owned and Securitized
TOTALSL
Total Consumer Credit Securitized by Finance Companies, Flow
DTCNLHFXDFBANM
Citation
U.S. Federal Reserve, Nonrevolving Consumer Credit Owned by Nonfinancial Business [NREVNNFC], retrieved from FRED.
Last Checked: 8/1/2025