Reply #112: U.S. consumer credit rose $1.3 billion in April ($7 Billion expected) [View All]

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=economicNews&storyID=2005-06-07T190611Z_01_WAT003194_RTRIDST_0_ECONOMY-FED-CREDIT-URGENT.XML

WASHINGTON, June 7 (Reuters) - Consumers accelerated their borrowing by a less-than-expected $1.3 billion in April, as credit card borrowing declined for the second month in a row, a Federal Reserve report showed on Tuesday.

The Fed said total consumer credit outstanding climbed in April to a seasonally adjusted $2.131 trillion.

The increase followed a revised $6.9 billion increase in borrowing in March, up from the previously reported climb of $5.5 billion.

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Revolving credit, which includes credit and charge cards, fell by $426 million in April after a drop of $569 billion the previous month.

...more at link...

Consumers not spending???? Who would have thought it???