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.