US DATA: April consumer credit +$6.5b, with revolving -$3.4b and
nonrevolving +$9.9b. Fed’l govt in nonrevolving was +$6.1b, presumably
the effect of student loans. The data incl revisions back to 2007 and
thus there are ‘breaks’ that reflect discontinuities in source data.
After revision, March credit was +$12.4b overall.