Consumer credit increased by $12.3 billion in June to $3.634 trillion, the Federal Reserve reported Friday.
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In May, consumer credit rose a revised $17.9 billion to $3.622 billion, first reported as a $18.4 billion gain to $3.624 trillion.
Economists polled by Thomson Reuters predicted a $16.0 billion increase in the month.
Revolving credit outstanding in June grew to $960.8 billion from $953.1 billion the previous month.
Non-revolving credit rose to $2.673 trillion from $2.669 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
