Monday, May 7, 2007

UPDATE 1-U.S. consumer credit rises $13.46 bln in March-Fed

(Reuters) - Consumer credit rose at a 6.7 percent annual rate in March to $2.425 trillion, while previously reported increases for February and January were revised higher. The March gain was the largest since a $20.08 billion or 10.2 percent gain in November, the Fed said.

Analysts polled by Reuters were expecting a $4.5 billion March gain after an initially reported $2.97 billion February gain, which was revised upward to $5.56 billion.


Read more at Reuters.com Economic News

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