For July
Provided by: Federal Reserve

Consumer borrowing slowed in July, with total credit increasing $4.6 billion. That's almost half what economists forecast, and is significantly lower than June's downwardly revised $11.0 billion. Banks have restricted lending, as they continue to face tighter credit conditions and consumers have also cut back on spending. Consumer faced with rising unemployment and a higher cost of living are trying to save. Automobile sales in July for example slumped to the lowest level in 15 years. Consumers with good credit standing are finding it hard to get increases to their credit lines, which is limiting potential spending.