U.S. Consumer Credit Fell By $12 Billion in August

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U.S. Consumer Credit Fell By $12 Billion in August

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10-07-2009, 02:30 PM	#1 (permalink)
Natural Elements v7n Mentor Join Date: 08-15-06 Posts: 3,415 iTrader: 11 / 100% Latest Blog: None	U.S. Consumer Credit Fell By $12 Billion in August U.S. consumer credit fell in August for a seventh straight month as banks maintained restrictive terms and job losses made households reluctant to borrow. Consumer credit fell by $12 billion, or 5.8 percent at an annual rate, to $2.46 trillion, according to a Federal Reserve report released today in Washington. Credit dropped by $19 billion in July, less than previously estimated. The series of declines is the longest since 1991. http://www.bloomberg.com/apps/news?p...d=aO13jMuWf0M4 __________________ Natural Bath and Body Products & Tropical Skin Care made in Hawaii Natural Elements Bath and Body Products - Natural Bath and Body Product Guide

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