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Consumer Credit Increases By $17.5 Billion

Sam RoMay 8, 2014, 00:34 IST

REUTERSSoccer legend Pele (L) gestures in front of a huge credit card held by Geoff Bruce, head of Cards Asia Pacific of Hongkong Bank, during the launching ceremony of a World Cup MasterCard card, February 24, 1998.

Consumer credit balances increased by $17.5 billion in March, which was a bigger increase than the $15.5 billion expected by economists.

However, February's gain was revised down to $12.9 billion from an earlier estimate of $16.4 billion.

More to come...