Revolving Consumer Credit Owned by Nonfinancial Business
REVOLNNFC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,991.00
Year-over-Year Change
-2.58%
Date Range
1/1/1970 - 12/1/2019
Summary
This economic indicator tracks the total amount of revolving consumer credit held by nonfinancial businesses in the United States. It provides insight into consumer borrowing patterns and the financial health of businesses outside the financial sector.
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
Revolving consumer credit represents a flexible form of borrowing, typically through credit cards, where consumers can repeatedly borrow up to a predetermined limit. Economists use this metric to assess consumer spending capacity, credit market conditions, and potential economic stress.
Methodology
The data is collected and compiled by the Federal Reserve through comprehensive financial surveys and reporting from nonfinancial businesses.
Historical Context
Policymakers and financial analysts use this trend to understand consumer credit dynamics, potential economic risks, and overall economic sentiment.
Key Facts
- Represents total revolving credit held by nonfinancial businesses
- Reflects consumer borrowing capacity and spending potential
- Provides insights into broader economic financial conditions
FAQs
Q: What does revolving consumer credit mean?
A: Revolving credit is a type of loan that allows repeated borrowing up to a set limit, with the balance fluctuating based on purchases and payments.
Q: Why is this indicator important?
A: It helps economists and policymakers understand consumer spending power, credit market health, and potential economic risks.
Q: How is this data collected?
A: The Federal Reserve gathers this information through comprehensive financial surveys and reporting from nonfinancial businesses.
Q: What can changes in this indicator suggest?
A: Increases might indicate consumer confidence and spending potential, while decreases could signal economic caution or financial stress.
Q: How often is this data updated?
A: The Federal Reserve typically updates this indicator quarterly, providing a current snapshot of consumer credit trends.
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Citation
U.S. Federal Reserve, Revolving Consumer Credit Owned by Nonfinancial Business [REVOLNNFC], retrieved from FRED.
Last Checked: 8/1/2025