The number has just come out…
At first glance, the consumer credit number is a big beat.
$18.12 in new consumer credit is well ahead of expectations of $7.25 billion.
Last month’s shrinkage of 3.25 billion was also revised upwards to shrinkage of just $2.45 billion.
The growth mix was both revolving and non-revolving.
You can download the full report here.
Here’s the key table.
More to come.
The last big report of the day: August Consumer Credit.
Analysts expect expansion of $7.25 billion, up from growth of $3.27 billion last month.
This number is growing, but acceleration has definitely petered out in recent months.
We’ll have the number here LIVE at 3:00 PM ET.