The Housing Chronicles Blog: Consumer credit use expanded in May at fastest rate in seven months

Monday, July 10, 2017

Consumer credit use expanded in May at fastest rate in seven months

Consumer credit expanded in May at 5.8 percent, or the fastest rate in seven months.  This could be a sign that strong levels of confidence will lead to growth in consumption.The monthly growth of consumer credit often seesaws, but the first quarter’s 4.8% growth was the slowest quarterly expansion in more than six years.

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