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To: Tommaso who wrote (219596)2/7/2003 3:10:06 PM
From: Bid Buster  Respond to of 436258
 
15:04 ET Consumer credit contracts $4.0 bln vs consensus increase of $3.5 bln : December consumer credit was weaker than expected, contracting $4.0 bln. The November contraction of $2.2 bln was revised higher to a $0.2 bln contraction. These two numbers confirm that consumers were indeed conservative during the holiday season. The trend in credit growth has been quite volatile, however, due in part to the effects of auto financing incentives.