Estimated reading time: 0 minutes, 20 seconds

Consumer Borrowing Climbs for Second Month in a Row

Wednesday, Jul 17 2019
Lending
Written by 

The amount of outstanding consumer credit rose steadily for a second consecutive month, a positive sign for U.S. economic growth. So reports MarketWatch.

The Federal Reserve said that consumer credit grew by 5% in May, about the same rate as in April.

Credit card and other revolving debt led the way at 8.2%, expanding solidly for a second straight month after declining in March.

Read the full article from MarketWatch.

Read 1501 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Docutech Hires Ex-NewRez Exec as Chief Product Officer »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline