Email Facebook Twitter

RNS EXCLUSIVE: Cabot praise 3D seismic mapping after successful winter programme

Alliance News

US Consumer Credit Rises Less Than Expected In August

Fri, 6th Oct 2017 21:27

WASHINGTON (Alliance News) - Consumer credit in the US rose by less than expected in the month of August, according to a report released by the Federal Reserve on Friday.

The report said consumer credit increased by USD13.1 billion in August after climbing by a revised USD17.7 billion in July.

Economists had expected consumer credit to rise by USD16.0 billion compared to the USD18.5 billion jump originally reported for the previous month.

The Fed said non-revolving credit such as student loans and car loans climbed by USD7.3 billion in August following a USD15.6 billion increase in July.

Revolving credit, which largely reflects credit card debt, rose by USD5.7 billion in August after edging up by USD2.1 billion in the previous month.

The Fed said consumer credit increased by an annual rate of 4.2% in August, as revolving credit jumped by 7.0% and non-revolving credit rose by 3.2%.

Copyright RTT News/dpa-AFX

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.