Friday, April 6, 2007

U.S. consumer credit rises $2.97 bln in February

(Reuters) - January non-revolving credit, made up of closed-end consumer loans, rose at a 0.38 percent rate, or $478.6 million, to a total of $1.526 trillion. This gain, the smallest since a 3.9 percent decline in October 2006, followed a downwardly revised January gain of 4.25 percent or $5.38 billlion.

Revolving credit, which comprises credit and charge cards, rose 3.4 percent in January, or $2.49 billion, to a total of $883.87 billion. This follows an upwardly revised January gain of 1.7 percent, or $1.23 billion.


Read more at Reuters.com Bonds News

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