MAY CONSUMER CREDIT CRUSHES EXPECTATIONS, SHOOTS UP BY $17.1 BILLION

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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.

UPDATE:

Big beat.

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.

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SEE ALSO: Deutsche Bank reports that household balance sheets haven’t looked this good in ages >

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