U.S. June consumer credit decreased 1.3 billion U.S. dollars
YORK August 7 morning news, according to foreign media reported yesterday, the Fed said in a report Friday, June U.S. consumer credit down the fifth consecutive month, indicating that the job market is leading to imbalance borrowing activities are inhibited.
report, in June U.S. consumer credit (including credit card debt and non-revolving credit) dropped by 13 billion U.S. dollars, in May after a revised decrease of 53 million, after an initial report of 9.1 billion reduction . Bloomberg News survey of economists surveyed had expected in June consumer credit will be reduced 5.3 billion, is expected to range reduced by 20 billion dollars to the value is 110 billion.
report is released, the U.S. stock market continued its declining trend. As of 3:32 p.m. U.S. Eastern Time (Beijing time at 3:32 on the 7th), the Standard & Poor's 500 index fell 0.6%, to 1118.7 points. Bond market, the 10-year U.S. Treasury prices rose, yields decreased from 2.9% yesterday to 2.82%. (Civil and military)
