Saturday, March 6, 2010

Consumer credit up in January, 2010

Total consumer credit was up (+2.4%) for first time since August, 2009. Before that, you have to go back to December 2008 for an uptick in total consumer credit. Despite the uptick in total credit, revolving credit (credit cards) continued down. We will have to wait for future releases to see if the down trend has changed.

Total Credit Dec 2009: 2451.3 Billion
Total Credit Jan 2010: 2456.3 Billion

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