Consumer Credit Shows Signs of Picking Up in January

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

Written by: Unknown Author –

http://www.insidearm.com/news/00010322-consumer-credit-shows-signs-of-picking-up/

U.S. consumer credit rose by $3.94 billion in January, the Federal Reserve reported yesterday. According to an analyst poll conducted by Reuters, consumer credit was expected to rise by $5 billion.

Credit card spending rose 2.6% in the month after a drop of 0.9% in December.

Total consumer credit outstanding stood at $2.162 trillion in January.

Consumer Credit Shows Signs of Picking Up in January

Unknown Author

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