US: Consumer credit expected to increase by $15bn in April – Nomura

Analysts at Nomura suggest that US consensus is expected to post an increase of $15bn in April as per the consensus.

Key Quotes

“With a steady pace of income gain and job creation, consumer credit has been expanding healthily. Revolving credit, which includes credit cards, increased at an annualized rate of 2.4%. Nonrevolving credit, including loans for education and autos, increased solidly by 6.4%. As consumer fundamentals remain firm, it is likely to see steady increases in coming months. Consensus expects an increase of $15bn in April.”