Consumer credit expanded in May at 5.8 percent, or the fastest rate in seven months. This could be a sign that strong levels of confidence will lead to growth in consumption.The monthly growth of consumer credit often seesaws, but the first quarter’s 4.8% growth was the slowest quarterly expansion in more than six years.
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Monday, July 10, 2017
Consumer credit use expanded in May at fastest rate in seven months
at 1:13 PM
Labels: consumer credit use, economic growth, interest rates
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