Consumer credit rose $13.1B in Aug.

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Consumer credit increased by $13.1 billion in August to $3.766 trillion, the Federal Reserve reported Friday.

In July, consumer credit rose a revised $17.7 billion to $3.753 trillion, first reported as a $18.5 billion rise.
Economists polled by IFR Markets predicted a $16.0 billion increase in the month.

Revolving credit outstanding in August rose $5.8 billion to $999.7 billion from $994.0 billion the previous month.

Non-revolving credit rose $7.3 billion to $2.766 trillion from $2.759 trillion.

Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.

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