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Wednesday, 7 November, 2001, 21:09 GMT
US consumers continue to borrow
They have more credit cards than before the attacks
US consumer credit rose by $3.2bn in September, well above analysts' predictions of $500m.
This rise was also much higher than analysts' predictions of just $2.3bn for that month. Even credit card lending and other so-called "revolving credit" rose sharply during the month of the terrorist attack; up $1.4bn following a $2bn rise in August. While "non-revolving credit", that is car loans and all other loans that are not backed by property, rose by $1.8bn. In August, such lending rose by $4.1bn. |
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