Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (244323)	6/6/2003 4:05:18 PM
From: UnBelievable	Read Replies (4) \| Respond to of 436258

US Consumer Credit Expanded $10.7 Bln In April 06/06/2003 Dow Jones News Services (Copyright © 2003 Dow Jones & Company, Inc.) 06-06-03 1500ET *DJ March Consumer Credit Revised To +$1.1B From +$900M (MORE) Dow Jones Newswires 06-06-03 1500ET DJ US Consumer Credit -2: Apr Shows Fastest Growth Since Jan By Rebecca Christie Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. consumers took on more debt in April, as outstanding consumer credit grew at its second-fastest pace this year. Households borrowed more on credit cards and also took on more non-revolving loans like car and boat loans, the Federal Reserve said Friday. Overall, U.S. consumer credit grew about $10.7 billion in April to a seasonally adjusted $1.756 trillion, according to the latest report. The rise was much bigger than Wall Street expected. Analysts had predicted that credit would rise by about $1.9 billion in April. Consumer credit data tend to be highly volatile from month to month and are frequently revised. April's jump was the second highest one-month increase this year and the biggest since January, when consumer credit rose about $15.2 billion. March's data were revised to show a $1.1 billion increase, up from an initial estimate of a $900 million rise. Nonrevolving credit jumped $9.3 billion in April to $1.033 trillion, after back-to-back declines in February and March. In March, nonrevolving credit fell $1.4 billion. U.S. consumers also added to their credit card debt, as revolving credit rose $1.4 billion to a level of $722.6 billion outstanding. This was the smallest increase since December, when revolving credit fell. In March, revolving credit rose $2.6 billion. (MORE) Dow Jones Newswires 06-06-03 1503ET DJ Consumer Credit -3: Credit Grew At A 7.3% Rate In Apr In annual terms, consumer credit grew at a 7.3% rate in April, up from a 0.8% annual growth rate in March, the Fed said. Revolving credit grew at a 2.3% rate in April after growing at a 4.4% rate in March. Nonrevolving credit grew at a 10.9% rate in April after contracting at a 1.7% rate in March. For the first quarter, consumer credit grew at a 4.4% pace, after contracting at a 0.2% pace in the fourth quarter. Revolving credit grew at a 5.1% rate in the first quarter. Nonrevolving credit grew at a 3.8% rate in the first quarter.