U.S. consumers still do not spend

Not much more to reassure the U.S. economy is not in an encouraging postion.The most recent consumer credit datas shows a significant decline.

After the 10.3 billion USD fall of June, the credit substance decreased with a further 21.6 billion USD, which sank to 2470 billion. This is calculated on an annual level is a 10.4 percent reduction. The demand for consumer credit is falling now for the sixth consecutive month, which has not been occured since the second half of 1991. So the recovery should be based on the replenishment of stocks, the high level of public spending and low interest rates – reports Világgazdaság Online.