CONSUMER CREDIT ROSE $13.2 BILLION IN JANUARY

Borrowing by Americans rose in January, according to a Federal Reserve report.Consumer credit increased 9.2%, or $13.2 billion, to $1.74 trillion, following a revised $1.96 billion rise in December, which was originally reported as a $4.0 billion decrease.The dollar change was the largest since November 2001, when consumer credit rose $18.1 billion. The January percent increase was also the largest since November 2001, when consumer credit climbed 13.2%.IFR BondData America’s poll of economists projected a $1.0 billion decline in consumer credit.The consumer credit figure came as both revolving credit lines and non-revolving credit lines rose.Revolving credit lines climbed 7.6%, or $4.53 billion, to $717.4 billion in January, following a revised $3.88 billion loss in December, which originally was reported as an $8.4 billion decrease.Non-revolving credit, which includes automobile loans and borrowing for purchases (e.g., vacations, boats, cars and college tuition), rose 10.2%, or $8.6 billion, to $1.02 trillion in January, following a $5.8 billion rise in December, originally reported as a $4.5 billion.