Consumer credit increased by $13.8 billion, or 5.9%, in June to $2.848 trillion, the Federal Reserve reported Wednesday.
In May, consumer credit rose a revised $17.5 billion, or 7.5%, to $2.834 trillion, originally reported as a $19.6 billion increase, or 8.3%, to $2.839 trillion.
Revolving credit outstanding fell to $853.6 billion in June from $856.3 billion.
Non-revolving credit rose to $1.994 trillion from $1.978 trillion.
The total consumer credit increase fell short of the median $15 billion rise projected by economists polled by Thomson Reuters.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
