Get a demo Do I subscribe? News sign-up
Print

US Shoppers Boost Credit Spending

News, 09 March 2006

   WASHINGTON DC - Latest figures from the US Federal Reserve report that outstanding consumer credit increased $3.9 billion (€3.27bn; £2.24bn) in January to $2.162 trillion.
   Nonrevolving credit, such as car and boat loans increased by $2.2bn, while revolving debt, which mainly reflects credit-card financing, grew $1.8bn.