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

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

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Adam Button
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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