The US Federal Reserve (Fed) announced consumer loans data for January.
Accordingly, consumer loans in the country increased by 14.8 billion dollars in January compared to the previous month, reaching a volume of 4.8 trillion dollars.
The market expectation for consumer loans was an increase of $20 billion. The increase in consumer loans in December last year was recorded as 10.6 billion dollars.
In this period, credit card and similar transferring loans are $11.2 billion on a monthly basis; Non-transferable loans, such as home, auto and student loans, increased by $3.6 billion.
Consumer loans increased by 3.7 percent year-on-year in January. Rollover loans increased by 11.1 percent and non-transferring loans increased by 1.2 percent in January compared to the same period of the previous year.
Companies’ nightmare: Credit rating
Lifeblood for tradesmen! Details of the Return to Life Loan…
Contribution of export rediscount credits to reserves is 551 million dollars
Russians can’t pay loans