Consumer credit in the U.S. increased by more than expected in the month of July, according to a report released by the Federal Reserve on Tuesday.
The report said consumer credit climbed by $19.1 billion in July following an upwardly revised $27.0 billion jump in June.
Economists had expected consumer credit to rise by $18.0 billion compared to the $20.7 billion increase originally reported for the previous month.
The material has been provided by InstaForex Company – www.instaforex.com