FOREX TradingCharts.com

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

U.S. Consumer Credit Jumps More Than Expected In May

07/08/2019 - 15:18:00 (RTTNews)

(RTTNews) - A report released by the Federal Reserve on Monday showed consumer credit in the U.S. increased by more than expected in the month of May.

The Fed said consumer credit surged up by $17.1 billion in May after jumping by $17.5 billion in April. Economists had expected consumer credit to climb by $16.7 billion.

The bigger than expected increase in consumer credit reflected notable growth in both revolving and non-revolving credit.

Revolving credit, which largely reflects credit card debt, rose by $7.2 billion, while non-revolving credit, such as student loans and car loans, climbed by $9.9 billion.

Compared to the same month a year ago, consumer credit in May was up by 5.0 percent, as revolving credit spiked by 8.2 percent and non-revolving credit rose by 3.9 percent.

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


IMF Trims Singapore's 2019 Growth Outlook (23 min(s), 17 sec(s) ago)
(RTTNews) - The International Monetary Authority lowered Singapore's growth outlook for 2019 c ...Full Story»

RBA Minutes: Board To Continue Monitoring Labor Market Closely (48 min(s), 43 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia said policymakers will continue monitoring the labor mar ...Full Story»

European Economics Preview: UK Labor Market Data Due (27 min(s), 43 sec(s) ago)
(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are due on Tue ...Full Story»

New Zealand Consumer Prices Climb 0.6% In Q2 (52 min(s), 43 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand advanced 0.6 percent on quarter in the second quarter o ...Full Story»

New Zealand Consumer Prices Rise 0.6% In Q2 (22 min(s), 43 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 0.6 percent on quarter in the second quarter of ...Full Story»

RBA Minutes On Tap For Tuesday (07 min(s), 43 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

WWII Code Breaker Mathematician Alan Turing To Feature On New GBP50 Note (02 min(s), 43 sec(s) ago)
(RTTNews) - The Bank of England announced on Monday that the mathematician and World War II code b ...Full Story»

New York Manufacturing Activity Rebounds Modestly In July (29 min(s), 43 sec(s) ago)
(RTTNews) - After reporting an unexpected contraction in regional manufacturing activity in the pr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

IMF Trims Singapore's 2019 Growth Outlook

07/16/2019 - 00:29 AM (RTTNews)
(RTTNews) - The International Monetary Authority lowered Singapore's growth outlook for 2019 c ...Full Story>>

RBA Minutes: Board To Continue Monitoring Labor Market Closely

07/15/2019 - 23:41 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia said policymakers will continue monitoring the labor mar ...Full Story>>

European Economics Preview: UK Labor Market Data Due

07/15/2019 - 23:20 PM (RTTNews)
(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are due on Tue ...Full Story>>

New Zealand Consumer Prices Climb 0.6% In Q2

07/15/2019 - 19:45 PM (RTTNews)
(RTTNews) - Consumer prices in New Zealand advanced 0.6 percent on quarter in the second quarter o ...Full Story>>

New Zealand Consumer Prices Rise 0.6% In Q2

07/15/2019 - 19:15 PM (RTTNews)
(RTTNews) - Consumer prices in New Zealand were up 0.6 percent on quarter in the second quarter of ...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.