Consumer Credit in U.S. Rises in April by Most in Five Months

U.S. consumer spending up 0.6 percent, best in 5 months. – Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the.

In April, U.S. consumer credit increased at a seasonally adjusted annual rate of 5.2%, the most in five months, according to the Federal Reserve’s latest report.The rate, though, is less than the 5.4%

The category that includes student and auto loans jumped by nearly $14.5 billion, or 6.2 percent -the most in five months. The category that covers credit cards rose more modestly, up by $2 billion or.

U.S. consumer confidence rises to 128.7 in April vs. 127.7 forecast – Confidence among U.S consumers unexpectedly rose in April, according to data released on Tuesday.

BofA’s Moynihan: Trading unit faces further cost cuts (Newser) – Bank of America today reported a whopping 32% drop in third-quarter net income, thanks to steep trading losses, write-downs to cover loan defaults, and larger set-asides to cover credit.

Consumer spending rose in November by the most in five months as Americans took advantage of store discounts during the year-end shopping season, giving the world s largest economy a lift.

In April, U.S. consumer credit increased at a seasonally adjusted annual rate of 5.2%, the most in five months, according to the Federal Reserve’s.

Consumer Comfort Rises to 17-Year High The Bloomberg Consumer Comfort Index showed on Sep 20, that U.S. consumer sentiment. an encouraging rate of 3% in the April-June quarter. Market pundits have.

U.S. Consumer Credit Grows in January by Least in Four Months U.S. consumer debt rises in January by the least in four months on a sharp slowdown in use of revolving products such as credit cards.

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LONDON–British factory output was stronger than expected in April, official data showed Tuesday, another sign that the economic recovery is spreading beyond consumer spending. on the month for.

U.S. consumer spending makes biggest gain in 5 months U.S. consumer spending rebounded strongly in July to post the largest increase in five months on strong demand for motor vehicles, a.

Consumer credit rises more than expected in January. The U.S. unemployment rate has fallen sharply in recent months but remains well above pre-recession levels. The jobless rate dropped to 8.3 percent in January, down from 9.1 percent in August. But household incomes are posting less impressive gains.