FOREX TradingCharts.com

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

U.S. Consumer Credit Climbs Less Than Expected In November

01/08/2020 - 15:10:00 (RTTNews)

(RTTNews) - With a drop in revolving credit partly offsetting an increase in non-revolving credit, the Federal Reserve released a report on Wednesday showing U.S. consumer credit rose by less than expected in the month of November.

The Fed said consumer credit climbed by $12.5 billion in November after jumping by $18.9 billion in October. Economists had expected consumer credit to increase by about $15.0 billion.

Non-revolving credit, such as student loans and car loans, surged up $14.9 billion in November following an $11.1 billion increase in October.

Meanwhile, the report said revolving credit, which largely reflects credit card debt, fell by $2.4 billion in November after climbing by $7.9 billion in the previous month.

Compared to the same month a year ago, total consumer credit in November was up by 3.6 percent, as non-revolving credit spiked by 5.8 percent but revolving credit slumped by 2.7 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Germany's Private Sector Gains Momentum In January (29 min(s), 30 sec(s) ago)
(RTTNews) - Germany's private sector gained momentum in January as services activity grew at t ...Full Story»

France Private Sector Growth At 4-Month Low (39 min(s), 30 sec(s) ago)
(RTTNews) - France's private sector grew at the slowest pace in four months in January, flash ...Full Story»

Singapore Industrial Production Decline Slows In December (02 hr(s), 26 min(s), 30 sec(s) ago)
(RTTNews) - Singapore industrial production declined at a slower pace in December, data from the E ...Full Story»

European Economics Preview: Eurozone Flash PMI Data Due (04 hr(s), 13 min(s), 30 sec(s) ago)
(RTTNews) - Flash Purchasing managers' survey data from euro area and the UK are due on Friday ...Full Story»

New Zealand Inflation Eases; Credit Card Spending Falls (04 hr(s), 16 min(s), 30 sec(s) ago)
(RTTNews) - New Zealand consumer price inflation eased in the fourth quarter, and credit card spen ...Full Story»

Japan's Inflation Accelerates In December (35 min(s), 30 sec(s) ago)
(RTTNews) - Japan's inflation accelerated in December but remained well below the 2 percent ta ...Full Story»

Australia's Private Sector Output Logs Record Fall (56 min(s), 30 sec(s) ago)
(RTTNews) - Australia's private sector output declined at the sharpest pace since the survey b ...Full Story»

Japan Private Sector Rebounds In January (01 min(s), 30 sec(s) ago)
(RTTNews) - Japan's private sector rebounded at the start of 2020, driven by the expansion in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Germany's Private Sector Gains Momentum In January

01/24/2020 - 03:47 AM (RTTNews)
(RTTNews) - Germany's private sector gained momentum in January as services activity grew at t ...Full Story>>

France Private Sector Growth At 4-Month Low

01/24/2020 - 03:37 AM (RTTNews)
(RTTNews) - France's private sector grew at the slowest pace in four months in January, flash ...Full Story>>

Singapore Industrial Production Decline Slows In December

01/24/2020 - 01:50 AM (RTTNews)
(RTTNews) - Singapore industrial production declined at a slower pace in December, data from the E ...Full Story>>

European Economics Preview: Eurozone Flash PMI Data Due

01/24/2020 - 00:03 AM (RTTNews)
(RTTNews) - Flash Purchasing managers' survey data from euro area and the UK are due on Friday ...Full Story>>

New Zealand Inflation Eases; Credit Card Spending Falls

01/24/2020 - 00:00 AM (RTTNews)
(RTTNews) - New Zealand consumer price inflation eased in the fourth quarter, and credit card spen ...Full Story>>
Copyright © 2020. 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.