Consumer credit for February 2022
- Consumer credit soars to$41.82 billion vs estimate of $16.65B
- Prior month $8.93B revised from 6.84 billion previously reported
- revolving credit +$18 billion
- nonrevolving credit plus $23.82 billion
The surge comes after a dip last month (was expecting 26B last month initially). The build is the largest on record. .
