The level of recorded employment has increased
strongly over recent months, after declining earlier in the year.
Borrowing from financial intermediaries has also picked up
strongly over recent months, growing at an annual rate of 13 per cent over the second half of 2003.
Household credit growth continues to be driven by borrowing for housing, though personal credit has also grown
strongly over recent months.
Not exact matches
Over the last year, consumer prices are up 2.0 percent — nicely within the Fed's target range — but in
recent months, food and energy prices have increased
strongly.