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
Posts Tagged ‘consumer’
Consumer credit up 1.75% in October
December 8th, 2010
davidguide 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
December 8th, 2010
davidguide (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
November 24th, 2010
davidguide 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
November 6th, 2010
davidguide 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
November 5th, 2010
davidguide 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
October 13th, 2010
davidguide 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
October 8th, 2010
davidguide 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
September 29th, 2010
davidguide 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
September 28th, 2010
davidguide 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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