Consumer credit for march just came out, and it was a monster number.
The $21.3 billion in headline growth CRUSHED expectations of $9.8 billion.
What’s more, this was not just a result of surging non-revolving student loan growth.
Credit card usage (revolving credit) jumped by 7.8%..
Nonrevolving credit grew by 11.8%.
We’ll be digging into the numbers later.
The key table is here.
And click here for the full report.