January 21, 2020

Consumer loans rose 6.4% in December after having risen 3.8% in November (the purple bars).  Over the course of the past year consumer loans have climbed by 6.0% (in red).

Led by a pickup in both consumer and mortgage ending activity, total loan growth during the past year such loans has climbed 4.4%. That is a respectable pace without being excessive.

Stephen Slifer

NumberNomics

Charleston, SC