JANUARY CONSUMER CREDIT BLOWS PAST EXPECTATIONS AT $17.7 BILLION

Photo: Flickr / Andreas Solberg

ORIGINAL POST: Big economic report coming up.Analysts expect 10.45 billion in new consumer credit to have been created in January.

That’s down from $19.3 billion last month.

We’ll have the number live here at 3:00 PM ET.

UPDATE: It’s a beat!

$17.7 billion is well ahead of expectations.

But bad news:

Revolving consumer credit actually fell

Here’s the full table form the Fed:

Update: The more we look at this report, the uglier it is. See this post for updates >

chart

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