- Language: English
- Published: May 2011
- Region: United States
Intraday Economic News: April Consumer Credit Rises $6.2 Billion Jun 11
- Published: June 2011
- Standard & Poors
April consumer credit rose $6.2 billion, which is the eighth straight gain after 19 consecutive months of declines. It was larger than the consensus expectation of a $5.0 billion increase, though near our forecast of a $6 billion increase for the month. Nonrevolving credit was up $7.2 billion, increasing for the ninth month in a row. Revolving credit, in contrast, remains notably weak, falling $0.9 billion in April and is now down 30 of the past 32 months. The report suggests that the worst may be behind us and that people are willing to borrow again, though likely still at a slow pace....
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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