Consumer credit increased by $29.7 billion in March to $3.592 trillion, the Federal Reserve reported Monday.
In February, consumer credit rose a revised $14.1 billion to $3.563 trillion, first reported as a $17.2 billion increase to $3.568 trillion.
Economists polled by Thomson Reuters predicted a $16.0 billion increase in the month.
Revolving credit outstanding in March grew to $951.6 billion from $940.5 billion the previous month.
Non-revolving credit rose to $2.641 trillion from $2.622 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
