Consumer credit rose $10.27 billion in June
5:26pm Aug 10th 2006
Washington (Reuters) - U.S. consumer credit rose by a bigger-than-expected $10.27 billion in June on a surge in credit card debt, a
Federal Reserve Report on Monday showed.
Analysts polled by Reuters were expecting consumer credit to rise by just $4 billion after increasing by an upwardly revised $5.88 billion in May.
Consumer credit outstanding rose to $2.186 trillion in June, rising at a 5.66 percent annual rate from $2.176 trillion the prior month.
Federal Reserve Report on Monday showed.
Analysts polled by Reuters were expecting consumer credit to rise by just $4 billion after increasing by an upwardly revised $5.88 billion in May.
Consumer credit outstanding rose to $2.186 trillion in June, rising at a 5.66 percent annual rate from $2.176 trillion the prior month.
