- consumer credit $37.69 billion versus estimate 23.0 billion
- revolving credit $17.86 billion
- nonrevolving credit $19.83 billion
The
credit number is the highest this year and highest going back to 2016
(at least). Typically, higher credit is indicative of a confident
consumer. In the current environment, stocks are higher, home prices
are higher, job market is improving which can lead to more consumer
spending on credit.
No comments:
Post a Comment