BEAT: OCTOBER CONSUMER CREDIT RISES OVER $14 BILLION

Photo: Flickr / U.S. Army Corps of Engineers Los Angeles District

UPDATE: It’s a beat.

Consumer credit rose $14.15 billion in October vs. expectations of a $10 billion rise.

Revolving consumer credit rose $3.4 billion.

That’s a nice reversal from the fall of $2.2 billion last month.

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ORIGINAL POST:The last (and arguably most important!) datapoint of the day: Consumer Credit.

The October number is expected to show growth of $10 billion. That compares to growth of $11.365 billion the month before.

We’ll have the number here LIVE at 3 AM ET.

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