Core Insights - The Federal Reserve reported a 1% year-over-year increase in consumer credit for November, reaching $5.085 trillion [1] Group 1: Consumer Credit Overview - Total consumer credit stands at $5.085 trillion as of November [1] - Revolving credit decreased by $2 billion, totaling $1.314 trillion [1] - Non-revolving credit increased by $6.3 billion, reaching $3.771 trillion [1]

Core Insights - In October, U.S. consumer credit increased by $9.178 billion, which was below the expected growth of $10.48 billion [1] Group 1 - The actual increase in consumer credit for October was $9.178 billion [1] - The forecasted increase for the same period was $10.48 billion, indicating a shortfall in consumer borrowing [1]

Core Insights - In September, U.S. consumer credit increased significantly, driven by the largest growth in non-revolving credit this year [1] - The total amount of outstanding consumer credit rose by $13.1 billion, with August's data revised upward by $3.1 billion [1] - Non-revolving credit, which includes auto loans and tuition loans, increased by $11.4 billion, while revolving credit, such as credit cards, saw a modest increase of $1.6 billion [1] Summary by Category - **Consumer Credit Growth** - Total consumer credit outstanding rose by $13.1 billion in September [1] - August's consumer credit data was revised to show an increase of $3.1 billion [1] - **Non-Revolving vs. Revolving Credit** - Non-revolving credit increased by $11.4 billion, reflecting a potential rise in auto sales during the month [1] - Revolving credit, including credit cards, saw a smaller increase of $1.6 billion [1] - **Market Conditions** - Concerns over a weakening job market have led consumers to manage their credit card balances more conservatively [1] - Rising living costs are also impacting consumer credit behavior [1]

Group 1 - The core point of the article highlights that UK consumer credit increased by £1.417 billion in June, surpassing the forecast of £1.2 billion [1] - Additionally, the amount of mortgage lending in the UK rose by £5.34 billion in June, significantly exceeding the expected increase of £2.35 billion [1]