Consumer Credit Rose $10.69 Billion in April

Newman, Emily
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p2
Trade Publication
According to a U.S. Federal Reserve report, borrowing by Americans rose in April 2003. Consumer credit increased 7.35 percent, or 10.69 billion dollars, to 1.76 trillion dollars, following a revised 1.15 billion dollar rise in March 2003. IFR BondData America's poll of economists projected a 3.0 billion dollar increase in consumer credit. The consumer credit figure came with an increase in both revolving and non-revolving credit lines. Non-revolving credit, which includes automobile loans and borrowing for purchases, climbed 10.88 percent, or 9.29 billion dollars, to 1.03 trillion dollars in April 2003.


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