U.S. consumer credit outstanding rose a less-than-expected $3.1 billion in December, capping a year of straight monthly increases after a large upward revision to November’s data, the Federal Reserve said on Monday.
The December rise undershot Wall Street expectations for a $7.7 billion monthly increase, but followed a much stronger November result than first reported.
November’s reading was revised to a $2.0 billion increase from its initially announced $8.7 billion decline, which had been described as the largest monthly fall on record.
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