WOW: March Consumer Credit Growth Surges, Credit Card Usage Blows Off The Charts

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.

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