Economic News in Review Greenville SC - May 13, 2014
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
Economic News in Review Greenville SC Here is last week’s Economic News in Review Greenville SC. While last week saw a thin slate of economic headlines, consumer credit saw significant gains, the trade deficit narrowed, and jobless claims saw an encouraging drop. Consumer Credit Consumer borrowing saw its biggest gain in a year, with March's consumer credit total growing by 6.7 percent to a total of $3.14 trillion, according to last week's report from the Federal Reserve. All told, March saw a $17.5 billion gain in consumer credit activity. The push was led by non-revolving debt, such as student or car loans, which experienced a substantial 8.7 percent gain, growing from $2.26 trillion in February to $2.28 trillion in March. Meanwhile, revolving debt, such s credit cards grew by 1.6 per...