September 4, 2019

Consumer loans rose 7.0% in July after having risen 4.3% in June (the purple bars).  Over the course of the past year consumer loans have climbed by 5.3% (in red).

Led by a pickup in both consumer lending activity and more rapid growth in commercial and industrial loans, total loan growth during the past year such loans has climbed 4.9%. That is a respectable pace without being excessive.

Stephen Slifer

NumberNomics

Charleston, SC