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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (35599)7/8/2005 3:38:02 PM
From: ild  Read Replies (2) of 110194
 
WASHINGTON (Dow Jones)--U.S. consumer credit in May fell for the first time in a year-and-a-half and declined by the largest dollar amount since December 1990, as a pullback in non-revolving credit exceeded an increase in revolving credit, the U.S. Federal Reserve said Friday.

Consumer credit outstanding fell about $3.0 billion, or 1.7%, in May to $2.127 trillion, according to the latest report by the Fed. That follows a revised $1.2 billion increase in April, previously reported as a $1.3 billion increase.

The May decrease was far from Wall Street expectations. Analysts had forecast consumer credit would rise by about $3.5 billion during the month.

Consumer credit data tend to be highly volatile from month to month and are frequently revised. 

DJ Table Of Consumer Credit Data From The Fed   

 
(In billions of dollars; growth rates show expansion unless preceded by minus sign. Numbers may not add exactly due to rounding.) 
 
                           May      Apr        Mar 
Total                  2,127.4  2,130.4r   2,129.3r 
 Change                   -3.0      1.2r       6.9r 
 Annual Growth Rate       -1.7%     0.7%       3.8%r 
Revolving                796.6    795.8r     796.4 
 Change                    0.7     -0.6r      -0.6 
 Annual Growth Rate        1.1%    -0.9%r     -1.0%r 
Non-revolving          1,330.8  1,334.6    1,332.9 
 Change                   -3.8      1.7        7.4 
 Annual Growth Rate       -3.4%     1.5%       6.7%

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