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[C6.] Consumer Borrowing Rose in May Consumer borrowing rose for a sixth consecutive month in May.
In January, borrowing rose by $10.6 billion, ending a record 11 consecutive monthly declines.
Private equity deals fell apart as the cost of borrowing rose.
Excluding adjustments, borrowing rose at a 10.2percentt annual rate in November after rising 7.5percentt annually in October.
This happened during the crisis when liquidity, or cash, was less available to eurozone banks and thus their cost of borrowing rose.
The cost of government borrowing rose.
Consumer borrowing rose 10.2 percent in March.
The cost of borrowing rose for the Government too.
Consumer spending held up and unsecured borrowing rose sharply.
Those purchases came as government borrowing rose to pay for bailouts and recession-related spending.
If the government's cost of borrowing rose, the government's profit would decrease.
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