FOREX TradingCharts.com

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

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

12/06/2019 - 15:09:00 (RTTNews)

(RTTNews) - Consumer credit in the U.S. increased by more than anticipated in the month of October, according to a report released by the Federal Reserve on Friday.

The Fed said consumer credit surged up by $18.9 billion in October after climbing by $9.6 billion in September. Economists had expected consumer credit to increase by $16.0 billion.

Revolving credit, which largely reflects credit card debt, rose by $7.9 billion in October after edging down by $0.2 billion in September.

The report said non-revolving credit, such as student loans and car loans, also jumped by $11.0 billion in October after increasing by $9.4 billion in the previous month.

Total consumer credit was up by 5.5 percent compared to the same month a year ago, as revolving credit spiked by 8.8 percent and non-revolving credit surged up by 4.3 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


U.S. Existing Home Sales Rebound Much More Than Expected In December (05 hr(s), 10 min(s), 18 sec(s) ago)
(RTTNews) - After reporting a notable decrease in U.S. existing home sales in the previous month, ...Full Story»

ECB Strategy Review To Take Center Stage (05 hr(s), 48 min(s), 18 sec(s) ago)
(RTTNews) - A much-talked about review of the European Central Bank's strategy is set to garne ...Full Story»

UK Manufacturers' Confidence Highest Since April 2014: CBI Survey (07 hr(s), 21 min(s), 18 sec(s) ago)
(RTTNews) - Optimism among the UK manufacturers' improved significantly in the three months to ...Full Story»

Latvia Producer Prices Fall For Third Month (09 hr(s), 0 min(s),18 sec(s) ago)
(RTTNews) - Latvia's producer prices fell for the third month in a row in December, figures fr ...Full Story»

Italy Industrial Orders Rise For The First Time In 6 Months (09 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - Italy's industrial orders rose for the first time in six months in November, figur ...Full Story»

Poland Industrial Production Recovers; Producer Prices Rise (09 hr(s), 05 min(s), 18 sec(s) ago)
(RTTNews) - Poland's industrial production rose at a slower-than-expected rate in December, an ...Full Story»

Taiwan Industrial Production Rises; Jobless Rate Falls (09 hr(s), 14 min(s), 18 sec(s) ago)
(RTTNews) - Taiwan's industrial production rose at a faster-than-expected rate in December and ...Full Story»

South Africa Inflation Highest In 3 Months (09 hr(s), 25 min(s), 18 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation rose to the highest level in three months ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Rebound Much More Than Expected In December

01/22/2020 - 10:40 AM (RTTNews)
(RTTNews) - After reporting a notable decrease in U.S. existing home sales in the previous month, ...Full Story>>

ECB Strategy Review To Take Center Stage

01/22/2020 - 10:02 AM (RTTNews)
(RTTNews) - A much-talked about review of the European Central Bank's strategy is set to garne ...Full Story>>

UK Manufacturers' Confidence Highest Since April 2014: CBI Survey

01/22/2020 - 08:29 AM (RTTNews)
(RTTNews) - Optimism among the UK manufacturers' improved significantly in the three months to ...Full Story>>

Latvia Producer Prices Fall For Third Month

01/22/2020 - 06:50 AM (RTTNews)
(RTTNews) - Latvia's producer prices fell for the third month in a row in December, figures fr ...Full Story>>

Italy Industrial Orders Rise For The First Time In 6 Months

01/22/2020 - 06:48 AM (RTTNews)
(RTTNews) - Italy's industrial orders rose for the first time in six months in November, figur ...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.