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CONSUMER CREDIT GROWTH FALLS SHORT OF EXPECTATIONS

Matthew BoeslerJan 9, 2014, 01:31 IST

REUTERS/Tim WimborneA shop assistant uses an eftpos system at a Specialty Fashion Group owned Katies store in Sydney, December 11, 2012.The Federal Reserve just released U.S. consumer credit data for the month of December.

Total credit to consumers rose $12.318 billion in November, below Wall Street's consensus estimate for a $14.250 billion advance. October consumer credit growth was revised down to $17.897 billion from the previously-reported $18.186 billion figure.

More to come...