ECONODAY: The consumer may be showing limited enthusiasm for spending but certainly was borrowing in March. Consumer credit rose $29.7 billion in a surge that makes up for several months of prior weakness and includes a very strong $11.1 billion gain for revolving credit, indicating less reluctance to run up credit cards. Non-revolving credit rose $18.6 billion and once again reflects student loans and vehicle financing. The monthly headline is the strongest since a break in this series 5 years ago while the gain for the revolving component is the strongest since a prior break 10 years ago. The willingness to borrow hints at improved consumer confidence in the general outlook and reflects the strength of the labor market...
