FOREX TradingCharts.com

Financial News: U.S. Consumer Credit Climbs More Than Expected In

U.S. Consumer Credit Climbs More Than Expected In August

10/07/2019 - 15:12:00 (RTTNews)

(RTTNews) - After reporting a sharp jump in U.S. consumer credit in the previous month, the Federal Reserve released a report on Monday showing another bigger than expected increase in consumer credit in the month of August.

The Fed said consumer credit climbed by $17.9 billion in August after surging up by a revised $23.0 billion in July.

Economists had expected credit to increase by $15.5 billion compared to the $23.3 billion spike originally reported for the previous month.

Non-revolving credit, such as student loans and car loans, led the way higher, jumping by $19.9 billion in August after climbing by $13.7 billion in July.

On the other hand, the report said revolving credit, which largely reflects credit card debt, dipped by $2.0 billion in August after rising by $9.4 billion in the previous month.

The report said total consumer credit was up by 5.2 percent compared to the same month a year ago, as a 7.8 percent jump in non-revolving credit more than offset a 2.2 percent slump in revolving credit.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Sweden September Jobless Rate Climbs (01 hr(s), 51 min(s), 18 sec(s) ago)
(RTTNews) - Sweden's jobless rate rose marginally in September amid the first increase in yout ...Full Story»

China Car Sales Drop For 15 Months (02 hr(s), 46 min(s), 18 sec(s) ago)
(RTTNews) - China's car sales fell for the fifteenth consecutive month in September, figures f ...Full Story»

Slovakia Inflation Rises In September (03 hr(s), 36 min(s), 18 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation rose marginally in September after slowing in ...Full Story»

India Inflation Rises In September (03 hr(s), 57 min(s), 18 sec(s) ago)
(RTTNews) - India's consumer price inflation increased moderately in September, data from the ...Full Story»

German Economy Unlikely To See Strong Downturn (04 hr(s), 17 min(s), 18 sec(s) ago)
(RTTNews) - The German economy is unlikely to log a strong downturn, the economy ministry reported ...Full Story»

Hungary Industrial Production Growth Slows In August (04 hr(s), 38 min(s), 18 sec(s) ago)
(RTTNews) - Hungary's industrial production grew at a slower rate in August, final data from t ...Full Story»

Turkey Industrial Production Falls In August (04 hr(s), 48 min(s), 18 sec(s) ago)
(RTTNews) - Turkey industrial production declined in August, data from the Turkish Statistical Ins ...Full Story»

Finland Inflation Slows In September (04 hr(s), 54 min(s), 18 sec(s) ago)
(RTTNews) - Finland consume price inflation slowed in September after rising in the previous month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Sweden September Jobless Rate Climbs

10/14/2019 - 10:33 AM (RTTNews)
(RTTNews) - Sweden's jobless rate rose marginally in September amid the first increase in yout ...Full Story>>

China Car Sales Drop For 15 Months

10/14/2019 - 09:38 AM (RTTNews)
(RTTNews) - China's car sales fell for the fifteenth consecutive month in September, figures f ...Full Story>>

Slovakia Inflation Rises In September

10/14/2019 - 08:48 AM (RTTNews)
(RTTNews) - Slovakia's consumer price inflation rose marginally in September after slowing in ...Full Story>>

India Inflation Rises In September

10/14/2019 - 08:27 AM (RTTNews)
(RTTNews) - India's consumer price inflation increased moderately in September, data from the ...Full Story>>

German Economy Unlikely To See Strong Downturn

10/14/2019 - 08:07 AM (RTTNews)
(RTTNews) - The German economy is unlikely to log a strong downturn, the economy ministry reported ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.