Consumer borrowing measure declines

Publish date
08/06/2010
Source
CNBC.com
Main Category
Economy - US
Article Summary

The Federal Reserve reports that the volume of consumer borrowing declined by $1.34 billion to post a total value outstanding of $2.418 trillion. The non-revolving credit measure, which includes auto loans, increased in the period by $3.14 billion, while revolving loans, which includes credit card debt, contracted by $4.48 billion.

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