TITLE

CONSUMER BORROWING FALLS INTO NEGATIVE TERRITORY

PUB. DATE
December 2006
SOURCE
CardLine;12/15/2006, Vol. 6 Issue 50, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of consumer credit as of the third quarter of 2006. According to the U.S. Federal Reserve Board's monthly Consumer Credit survey, it has decreased at an annual rate of 0.6% in October 2006, following an upward-revised increase of 5.75% in the third quarter. The decline in consumer borrowing during October compares with a 2% increase in September and a 6.9% increase in August.
ACCESSION #
23734470

 

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