ECONODAY: The consumer is showing some life. Consumer borrowing rose $16.1 billion in May following an upward revised $21.4 billion in April. Key to this report is the component for revolving credit which is where credit cards are tracked. Revolving credit rose $1.6 billion in May, a moderate gain that follows, however, two very strong gains in April and March. Non-revolving credit, inflated by the student loan subcomponent, rose $14.5 billion in May. Non-revolving gains, however, do reflect gains for vehicle financing...
