08.08.2007 - Consumer credit in the USA rose by $13.1bln in June

Consumer credit in the USA rose in June by $13.1bln, the Federal Reserve System reported. The economists estimated $4bln increase in June. May reading of consumer credit was revised from $12.9bln to $16.0bln. Total volume of consumer credit (hire-purchases, bank and credit card loans) was $2.447bln in May and $2.460bln in June. At the annual rate consumer credit rose by 6.5% in June, compared with 7.9% in the preceding month.