US May consumer credit outstanding +22.35B vs +31.9B expected

08/07/2022 | 19:02 GMT

Slower credit growth than anticipated

Prior was +38.07B (revised to +36.76B)
Revolving +7.42B
Non-revolving +22.35B

It's interesting that credit growth is slowing but it's likely to do with slowing goods purchases, including autos and appliances.

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