Consumer Credit Increase Slows in April

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

Written by: Unknown Author –

http://www.insidearm.com/news/00003850-consumer-credit-increase-slows-in-april/

By Martin Crutsinger, Associated Press

Americans increased their borrowing for auto loans and other types of consumer debt at an annual rate of 0.7 percent in April, the slowest increase in five months, the government said Tuesday.

The Federal Reserve reported that the April increase represented a rise in consumer credit of $1.26 billion, significantly below the $7.5 billion increase that many analysts had been expecting.

For this complete story, please visit Consumer Credit Increase Slows in April.

Consumer Credit Increase Slows in April

Unknown Author

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