Recent Report Shows Consumer Credit Jumping to New High in January
Thursday, 7 March 2024, 20:01
New Consumer Credit Data
Consumer credit grew by $19.49 billion in January, exceeding expectations and indicating positive economic momentum. This surge marks a significant acceleration from the previous month's figures, reflecting increased consumer spending and confidence.
Key Points:
- Growth: Consumer credit rose by $19.49 billion in January
- Expectations: Exceeded the anticipated $10.10 billion
- Trend: Accelerated from the previous month, signaling strong consumer activity
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.