Consumer borrowing decreased by $1.8 billion in December to a seasonally adjusted $2.457 trillion from $2.459 trillion in November, a 0.8% decrease, the Federal Reserve reported Friday.
The November decrease was revised to a $21.8 billion fall from the $17.5 billion drop previously reported.
Revolving credit fell to $866.0 billion from $874.5 billion in November, while non-revolving credit rose to $1.591 trillion from $1.584 trillion.
Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
Thomson Reuters had projected a $9.0 billion slip in credit.
