• Most Popular
  • Most Shared

U.S. consumer credit rose $15.45 bln in November

Tue Jan 8, 2008 3:00pm EST

WASHINGTON, Jan 8 (Reuters) - U.S. consumer borrowing rose by a larger-than-expected $15.45 billion in November, the highest amount since August, a Federal Reserve report showed on Tuesday.

Bonds

Overall November consumer credit rose at an annual rate of 7.45 percent to a total of $2.505 trillion.

The October increase was revised downward to $2.02 billion from an originally reported gain of $4.71 billion, while the September gain was revised upward to $5.31 billion.

Analysts polled by Reuters were expecting a $7.5 billion rise in consumer borrowing for November.

Non-revolving credit, which includes closed-end loans for big-ticket items like cars, boats, college educations and holidays, rose $6.70 billion, or by 5.15 percent, to $1.568 trillion.

Revolving credit, made up of credit and charge cards, rose $8.75 billion, or by 11.3 percent, to $937.46 billion in November. This compares to an upwardly revised October increase of $6.57 billion, originally reported as $6.34 billion. (Reporting by David Lawder, Editing by Chizu Nomiyama)



More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The United States is investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet, but there is no early evidence the Nigerian suspect in the case was part of a larger plot, the U.S. homeland security chief said on Sunday. | Video

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article