US consumer loans rise less than expected in February

The US Federal Reserve released consumer loans data for February.

Accordingly, consumer loans in the country increased by 15.3 billion dollars compared to the previous month and reached a volume of 4.82 trillion dollars.

The median estimate of economists surveyed by Bloomberg was an increase of $18 billion. The increase in consumer loans in January was recorded as 19.5 billion dollars.

In this period, credit card and similar transferring loans are $5.1 billion on a monthly basis; Non-transferable loans, such as home, auto and student loans, increased by $10.3 billion.

Consumer loans increased by 3.8 percent year-on-year. Rollover loans increased by 5 percent and non-transfer loans increased by 3.4 percent in February compared to the same period of the previous year.