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CONSUMER CREDIT UP MARGINALLY IN APRIL

Consumers continue to remain hesitant to take on high levels of new debt as the debt de-leveraging environment clearly continues.  The latest consumer credit report showed a marginal year over year increase in consumer credit, however, in real dollar terms the data remains near its lows:

“Consumer credit increased at an annual rate of 1/2 percent in April 2010. Revolving credit decreased at an annual rate of 12 percent, and nonrevolving credit increased at an annual rate of 7 percent.”

Consumer Credit YoY % Change

Consumer Credit $B

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