Recent History Of This Indicator:
Consumer credit is expected to rise $15.5 billion in June following May's sizable $18.6 billion gain. Growth in revolving credit, where credit-card debt is tracked and which had shown life earlier this year, was weak in both May and April. Non-revolving credit has been the strength of this report, underpinned by student loans but also reflecting strong demand for vehicle financing.
Consumer credit is expected to rise $15.5 billion in June following May's sizable $18.6 billion gain. Growth in revolving credit, where credit-card debt is tracked and which had shown life earlier this year, was weak in both May and April. Non-revolving credit has been the strength of this report, underpinned by student loans but also reflecting strong demand for vehicle financing.
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