Posts Tagged ‘consumer’

Consumer credit jump is highest in more than 2 years

WASHINGTON – Consumer borrowing rose in October by the largest amount in more than two years, led by a big rise in the… View full post on All Stories

Consumer credit up 1.75% in October

Consumer borrowing unexpectedly rose $3.4 billion or an annual rate of 1.75% in October to $3.4 trillion–the largest increase since borrowing rose $5.7 billion in July 2008, said the Federal Reserve’s consumer credit report released Tuesday. Total credit at credit unions also went up by $700 million to $225.6 billion. View full post on All [...]

Summary Box: October consumer credit posts gain

(12-07) 15:11 PST , (AP) — CONSUMER CREDIT: Consumer borrowing rose 1.7 percent in October, the biggest gain since July 2008. STUDENT LOANS: Much of the strength came from a big jump in student loans with demand for… View full post on All Stories

Wall Street advances on jobless, consumer data

U.S. stocks climbed on Wednesday after data on the labor market and consumer spending signaled the economy was on an upswing. View full post on All Stories

Student loans push consumer credit up

Consumer borrowing increased in September for the first time since January even though the category that includes credit cards dropped for a record 25th-straight month. The rise in credit came from the category that includes student loans. View full post on All Stories

Consumer Borrowing Up For A Change

Borrowing increased in September for the first time since January even though the category that includes credit cards dropped for a record 25th straight month. Overall consumer credit climbed at an annual rate of $2.1 billion. It was only the second rise in the past 20 months. View full post on All Stories

Westpac consumer sentiment index up 3.3% in Oct

SYDNEY (MarketWatch) SYDNEY (MarketWatch) — The Westpac Melbourne index of consumer sentiment climbed 3.3% in October to 117.0, from a reading of 113.2 a month earlier, according to figures released Wednesday. Westpac’s chief economist, Bill Evans, said the decision earlier this month by the Reserve Bank of Australia to keep its policy interest rate unchanged [...]

Consumer borrowing continues to drop

Consumer borrowing fell again in August as consumers cut back on credit card use for the 24th consecutive month, the Federal Reserve said Thursday. View full post on All Stories

Bank reports mortgage approvals dip

Analysts say downward trend in mortgage lending reflects high unemployment and low levels of consumer confidence Fresh signs of a slowdown in the UK economy surfaced today with news of a drop in mortgage approvals, weak consumer credit and a decline in output from the service sector. Data from the Bank of England showed approvals [...]

German consumer sentiment hits three-year high

Falling unemployment and moderate consumer prices have boosted the German consumer sentiment in September to a three-year high, market research group GfK said on Tuesday. View full post on All Stories

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