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Consumer Credit Growth Misses As Revolving Credit Jumps Most Since April

Following a significant downward revision to November's data, December consumer credit growth printed a gain of $14.755 billion, missing expectations of $15 billion (for the 5th month) and hovering near one-year lows. The most notable aspect was the $5.77 billion surge in revolving credit (e.g. credit cards) as Americans extended and pretended into the holidays - the biggest rise since April.

 

Sliding growth...

 

Evan as credit card usage surges...

 

Charts: blomberg