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March consumer credit use grew at 3.6 percent, slowest gain since September

Consumer Credit in March grew at a seasonally adjusted annual rate of 3.6 percent to mark the slowest gain since September. Nonrevolving credit such as student and auto loans grew 6 percent, while revolving credit, namely credit cards, fell 3 percent, marking the second drop in a row.

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This post first appeared on The Housing Chronicles, please read the originial post: here

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March consumer credit use grew at 3.6 percent, slowest gain since September

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