Consumer Credit Expands in April, But Misses Expectations

What's Next In Payments®
9:51 PM EDT June 7th, 2012

U.S. consumer credit grew by $6.51 billion in April, marking the eighth consecutive month in which the measure increased. But economists had been expecting more.

According to a survey by Bloomberg, the median of estimates from 36 economists was $11 billion, with a range of $5 billion to $18.9 billion.

Non-revolving credit increased by $10 billion, with federal government lending — primarily composed of student loans — up $6.1 billion. The gains in non-revolving credit were the highest in three months, Bloomberg said.

Read the full story here.

Comments
Also by This Author
What's Hot
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
USA Today Compares MCX To The Three Stooges. Unfavorably
Apple Pay Tracker
Apple Pay Faceoff
International
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
View All Articles ››