Last month consumer credit revised to 12.92 B from 8.197B
Consumer credit in the May rose by 18.41B vs estimate of $13.5B. That is a 5.8% increase.
- Revolving credit rose by 7.4B or 8.7% annual % change
- Non revolving credit rose by 11B or _4.7% annual % change
- Non revolving lending to consumers by the Federal government (mainly student loans) rose by 1.092T
- This was the largest move since November 2016
Big beat for consumer borrowing.
