The US Federal Reserve released its consumer loan data for March.
Accordingly, consumer loans in the country increased by 26.5 billion dollars in March compared to the previous month, reaching a volume of 4.85 trillion dollars.
The expectation was that consumer loans would increase by $17 billion. The increase in consumer loans in February was 15.03 billion dollars.
In this period, credit card and similar transferring loans are 17.6 billion dollars on a monthly basis; Non-transferable loans, such as home, auto and student loans, increased by $8.9 billion.
Consumer loans increased by 6.6 percent year-on-year in March. Rollover loans increased by 17.3 percent and non-transferring loans increased by 3 percent in March compared to the same period last year.