Key facts
- US consumer credit for April reached $20.73 billion.
- The April figure exceeded the market forecast of $17.8 billion.
- This is a decrease from the previous month's $22.23 billion.
The United States reported that consumer credit for April reached $20.73 billion. This figure exceeded the market forecast, which had predicted $17.8 billion. However, the April total is lower than the $22.23 billion recorded in the preceding month. Consumer credit is a key indicator of consumer spending and borrowing habits, which can influence economic growth.