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Danielle DiMartino Booth: Consumer credit growth rises to 2.6 percent in first quarter

Danielle DiMartino Booth: Consumer credit growth rises to 2.6 percent in first quarter
Consumer credit growth accelerates in quarter

Danielle DiMartino Booth, CEO / Founder at Quill Intelligence, highlights an uptick in consumer credit growth in the first quarter. The annualized rate increased to 2.6 percent, compared with 2.1 percent in the previous quarter.

Outstanding revolving credit rose by 3.8 percent, while nonrevolving credit increased by 2.1 percent, according to Booth.

Danielle DiMartino Booth has commented on related sectors in recent months. She noted that average sales volumes at major U.S. staples have largely trended negative in recent quarters, according to a previous report. Booth also pointed to U.S. housing supply standing at 9.4 months, slightly above balanced market levels, as reported earlier.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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