OTHER NEWS - April 8, 1994
From Times Staff and Wire Reports
Borrowing Rises More Slowly Than Expected: Consumer credit rose $3.5 billion in February--the ninth straight increase--but at a much slower pace than many analysts expected. Borrowing climbed at a 5.3% annual rate, the smallest increase since a 3.4% advance last June, the Federal Reserve said. Many economists had predicted borrowing would increase twice as much. The Federal Reserve also reported that consumer credit rose $6.4 billion in January, revised upward from an estimated $6 billion a month ago.
