The Housing Chronicles Blog: Consumer credit use growth slowed sharply in April

Thursday, June 8, 2017

Consumer credit use growth slowed sharply in April

Consumer borrowing decelerated in April to the smallest increase in almost six years, suggesting an expected rebound in spending in the second quarter may not be as robust as hoped. Total consumer credit rose $8.2 billion in April to a seasonally adjusted $3.82 trillion, posting an annual growth rate of 2.6%.

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