Monday, March 07, 2016

Very Weak Credit Growth

Another little straw in the wind.

Against expectations of a $17 billion surge, US consumer credit grew at just $10.5 billion - the weakest and biggest miss since March 2013. The biggest driver of this disappointment was an actual contraction in revolving credit (down $1.1 billion) for the first time since Feb 2015....

That was for January.  In addition, December's growth was revised downward.

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