September 2009
Consumer credit decreased at an annual rate of 6 percent in the third quarter of 2009. Revolving credit decreased at an annual rate of
10 percent, and nonrevolving credit decreased at an annual rate of 3-3/4 percent. In September, consumer credit decreased at an annual
rate of 7-1/4 percent.
The revolving credit was -13.3%,like in August.
And the commercial banks are still doing the elimination of the cutomer credit,the main reason behind the decrease is the weak banking sector.
Posts
0 comments:
Post a Comment