Prior month revise to 17.779 billion from 17.713 billion
US consumer credit rose by the most in a nearly a year.
- non-revolving borrowing rose by 20.2 billion (includes car and educational loans). This was the largest since September of last year..
- credit card and other revolving debt rose by 5.6 billion
- The rise of 25.873 billion was much higher than the expected 16.5 billion forecast
- Lending by the federal government for student loans climbed 18.7 billion