09-07-2013, 10:10 AM
IMO, an indicator for increasing confidence of US consumers...
US consumer borrowing up S$25b, the most in a year
WASHINGTON — Consumer borrowing in the United States climbed in May by the most in a year as Americans put more purchases on their credit cards and took out more school and car loans.
The US$19.6 billion (S$25 billion) increase in credit followed a revised US$10.9 billion gain the previous month that was less than initially reported, Federal Reserve figures showed yesterday. The median forecast in a Bloomberg survey called for a US$12.5 billion advance.
http://www.todayonline.com/business/us-c...-most-year
US consumer borrowing up S$25b, the most in a year
WASHINGTON — Consumer borrowing in the United States climbed in May by the most in a year as Americans put more purchases on their credit cards and took out more school and car loans.
The US$19.6 billion (S$25 billion) increase in credit followed a revised US$10.9 billion gain the previous month that was less than initially reported, Federal Reserve figures showed yesterday. The median forecast in a Bloomberg survey called for a US$12.5 billion advance.
http://www.todayonline.com/business/us-c...-most-year