Photo: Flickr / SimonQ錫濛譙
ORIGINAL POST: The one big number of the day: May consumer credit.Analysts expect it to grow from by $8.5 billion vs. growth of $6.51 billion last month.
This number (like many others) had been doing very well earlier this year, but has faded in recent months.
We’ll have the number here LIVE at 3:00 PM ET.
May consumer credit crushes expectations at $17.1 billion.
Last month was revised from $6.51 to $9.85.
Furthermore, the jump was very nice even in revolving consumer credit which grew at an 11.2% pace.
Here’s the key table.