U.S. March consumer credit rises by $1.95 bln-Fed

WASHINGTON, May 7 (BestGrowthStock) – Total U.S. consumer credit
unexpectedly rose by $1.95 billion in March after a revised
$6.21 billion drop in February, Federal Reserve data showed on
Friday.

The March consumer credit outstanding rose at a 0.96
percent annual rate to $2.451 trillion. The Fed revised
February’s consumer credit data to show a fall of $6.21
billion, much smaller than the $11.51 billion drop that it
previously reported for February.

Analysts polled by Reuters had forecast that consumer
credit would fall by $3.8 billion in March.
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(Reporting by David Lawder)

U.S. March consumer credit rises by $1.95 bln-Fed