Consumer borrowing increased by $5.2 billion in February to $2.539.7 trillion from $2.534.6 trillion in January, a 2.4% rate of expansion, the Federal Reserve reported yesterday.
The January increase was revised to $10.3 billion, or 4.9%, from a $6.9 billion jump, or 3.3%.
Revolving credit grew 4.7% to $951.7 billion in February from $947.0 billion in January, while non-revolving credit rose 0.5% to $1.588.1 trillion in February from $1.587.6 trillion in January.
IFR Markets had projected a $5.3 billion rise in credit.
