Surprise Surge in U.S. January Consumer Credit

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000231-surprise-surge-in-us-january-consumer-cre/

U.S. consumer credit outstanding surged a far greater-than-expected $11.5 billion in January, the biggest gain in three months, on jump in credit and charge card use, a Federal Reserve report showed on Monday.

The January rise was more than double Wall Street expectations for a $5.2 billion monthly increase, and followed a much stronger December result than first reported.

For this complete story, please visit Surprise Surge in U.S. January Consumer Credit.

Surprise Surge in U.S. January Consumer Credit

Unknown Author

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