Real final sales slowing, and business equipment growth negative:
From the NY Fed, reads like credit growth slowing:
The report includes a one-page summary of key takeaways and their supporting data points. Overarching trends from the Report’s summary include:
Mortgage balances rose by $120 billion, to $9.2 trillion.
Mortgage originations declined to $344 billion from $401 billion, the lowest level seen since the third quarter of 2014.
Mortgage delinquencies improved slightly, with 1.0% of mortgage balances 90 or more days delinquent, down from 1.1% in the fourth quarter of 2018.
Outstanding student loan debt increased by $29 billion, to $1.49 trillion.
Newly originated auto loans totaled $139 billion, continuing a long-running growth trend.
Credit card balances fell slightly, to $848 billion from $870 billion.
Through year end- credit growth low and slowing:
Only through q3 available:
As of year end: