USA: Consumer credit shrank unexpectedly

WASHINGTON (dpa-AFX) – In the United States, the volume of consumer loans fell in August, contrary to experts’ expectations. Compared to the previous month, lending fell by $15.63 billion, the US Federal Reserve announced in Washington on Friday. Economists had on average expected an increase of $11.7 billion. In the previous month, lending increased by a revised $11.0 billion. Initially, $10.4 billion was determined./jsl/he/ajx

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