September 5, 2019

Commercial and industrial loans, which are more commonly called “business loans”  rose 4.2% in July after  having risen 3.1% in June (the light green bars on the left scale).   The year-over-year growth rate has expanded at a 6.4% pace  (green line on the right scale).  Thus, bank credit seems to readily available for the business community.

Led by the faster rate of growth for business loans and a pickup in consumer lending, total loan growth has picked up to a  4.9% pace in the past year.  That is respectable growth without being excessive.

Stephen Slifer


Charleston, SC