CONSUMER CREDIT RISES $US13.8 BILLION IN JUNE, LESS THAN FORECASTS

June consumer credit data are out.

Total credit expanded by $US13.82 billion to $US2.85 trillion in June, shy of forecasts for a $US15.0 billion rise.

Revolving credit — credit cards and the like — fell $US2.7 billion to $US853.6 billion.

Nonrevolving credit — auto loans, student loans, and the like — rose by $US16.5 billion to $US1.99 trillion in total.

May consumer credit growth was revised down to $US17.54 billion from $US19.62 billion.

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