US consumer debt:
Consumer credit increased $5.2 billion for the month of February US banks and other financing companies reduce lending after the collapse of the subprime mortgage market. Economists had forecast of the report to show an increase of 5.9 billion this is according to median of 35 estimates in a Bloomberg news survey. According to a survey by the American bankers Association released April 3 consumers fell behind on credit card home-equity and auto loans by the fastest rate in 15 years. This increase in delinquencies is considered an indicator of a poor economic prognosis.
