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ARLINGTON, Va. — NAFCU’s Macro Flash Data analysis for the month of May found the pace of consumer borrowing at a healthy $12.9 billion (seasonally adjusted) pace. This was more than double what was projected by economists, said NAFCU. Both revolving and non-revolving credit was up, reflecting strong consumer demand for products. Credit card and loans led the way, but NAFCU Chief Economist Dr. Tun A. Wai said he doesn’t expect auto loans to keep growing, given that auto sales will begin to slump.

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