BOOOOM: CONSUMER CREDIT DESTROYS EXPECTATIONS

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Photo: Pink Sherbert Photography / Flickr, CC

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.

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More to come.

 

 

 

ORIGINAL:

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.

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