Consumer credit increased by $12.3 billion, or 4.8%, in November to $3.087 trillion, the Federal Reserve reported Wednesday.
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In October, consumer credit rose a revised $17.9 billion, or 7.0%, to $3.075 trillion. October's increase was originally reported as $18.1 billion or 7.1%.
Revolving credit outstanding inched up to $856.9 billion from $856.4 billion.
Non-revolving credit rose to $2.230 trillion from $2.219 trillion.
The consumer credit increase fell short of the median $15.0 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.
