Consumer credit grew by 17.12 billion in the USA

Note: This section contains information in English only.
Source: Reuters
The Federal Reserve announced growth of USD 17.12 billion of consumer credit in May. It is USD 8.62 billion more than predicted by Wall Street economists. Revolving credits (through credit cards) increased by USD 8.01 billion, whereas non-revolving, including cars and student loans, gained USD 9.10 billion. Consumers are spending more , which is likely to stimulate the economy and new work places creation, whilst it could also mean that people do not make enough money.

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