Federal Reserve Reports Consumer Credit for February 2011

by Mercator Advisory Group 0

Consumer revolving credit declined an estimated $2.7 billion in February from January (which was down a revised $4 billion from December).

Consumer credit increased at an annual rate of 3.75% in February 2011. Nonrevolving credit increased at an annual rate of 7.75 %, while revolving credit decreased at an annual rate of 4%.

Click here to read the article: http://www.federalreserve.gov/releases/g19/current/g19.htm

For an in-depth perspective on this topic, read this related PaymentsJournal article.

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