U.S. Consumer Credit Up $3.35 bln in Dec

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010207-us-consumer-credit-up-335-bln-in-dec/

U.S. consumer credit rose by a less-than-expected $3.35 billion in December as credit card debt dipped, while consumer credit for the full year posted the smallest rise since 1992, a Federal Reserve report showed on Tuesday.

Analysts polled by Reuters were expecting a $4.5 billion rise in consumer credit in the month after a revised $568 million gain in November that was originally reported as a $649 million decline.

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