US consumer credit in June 2021 recorded the strongest increase ever in the context of credit card usage density for spending of people soaring. Federal Reserve (FED) on 6 / 8 Data announcement said that the total consumer credit in the US in June increased by $ 37.69 billion, much higher than the $ 23 billion was expected by economic experts. This is the fastest speed ever, following an increase of 36.69 billion USD in May 5/2021
. The US consumer consumer in June has a record growth. Fed's data also shows, credit revolving increases, mainly reflects the level of credit card use, up 17.858 billion USD in the month, the biggest increase since 2006
This number in May was 9,089 billion USD. Consumer Credit We increase strongly in June even if the cash flow from the government decreases. "We expect consumer credit growth will continue to stay stable in the second half of 2021 when supported by habits Sustainable spending and loosening of loan standards for consumer loans, "said Nancy Vanden Houten, Economers at Oxford Economics New York branch. Those, consumer spending, Occupying more than two-thirds of the US economic activity, also reached the growth of two consecutive second quarters. Consumer loan activities are closely monitored to find out signs that households are ready to borrow more to supplement their spending activities. However, credit growth does not turn Ring, including car loans and loans for students conducted by the government, have slowed down when only recorded up 19.831 billion USD in June from 27.601 billion USD in May. FED's monthly consumer credit report does not include home mortgages or any loan guaranteed by real estate, such as home loans. Quynh Le / according to Reuters
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