U.S. Consumer Credit Up $10.9 bln in July; Higher Than Expected

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009415-us-consumer-credit-up-109-bln-in-july-hig/

WASHINGTON – U.S. consumer debt outstanding grew by a more-than-expected $10.9 billion in July, the Federal Reserve said in a report released on Wednesday.

The central bank said credit grew to a seasonally adjusted $2.040 trillion in July from the June total of $2.030 trillion. The Fed also said consumer credit grew $4.3 billion in June, below its previously reported $6.6 billion gain.

For this complete story, please visit U.S. Consumer Credit Up $10.9 bln in July; Higher Than Expected.

U.S. Consumer Credit Up $10.9 bln in July; Higher Than Expected

Unknown Author

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