MISS: CONSUMER CREDIT RISES $11.06 BILLION IN APRIL

UPDATE: April consumer credit data are out.

Total credit expanded $11.06 billion – or 4.7% from a year ago – in April to $2.82 trillion after rising an upward-revised $8.37 billion in March.

Economists were looking for a $12.9 billion advance.

Revolving credit – credit cards and the like – rose $700 million, or 1.0% from a year ago, to $849.8 billion.

Nonrevolving credit – student loans, auto loans, and the like – rose $10.4 billion, or 6.4% from a year ago, to $1.97 trillion.

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