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Consumer credit surges 7.7% in June

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The Straight Story Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-11 02:23 PM
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Consumer credit surges 7.7% in June
Consumer credit surges 7.7% in June

WASHINGTON (MarketWatch) -- Consumer credit grew 7.7%, or $15.5 billion, to a seasonally adjusted annual rate of $2.45 trillion in June, the Federal Reserve reported Friday. That marks the biggest jump in consumer credit since August 2007. Revolving credit such as credit cards grew 7.9%, or $5.21 billion, while nonrevolving credit such as auto and student loans grew 7.6%, or $10.32 billion.

http://www.marketwatch.com/story/consumer-credit-surges-77-in-june-2011-08-05
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