Consumer Credit Expands in April, But Misses Expectations

By  |  June 7, 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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.


    See More In: