Consumer Credit Rose $13.2 Billion in October

Consumer credit increased by $13.2 billion in October to $3.279 trillion, the Federal Reserve reported Friday.

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In September, consumer credit rose a revised $15.4 billion to $3.266 trillion. The month's increase was originally reported as a $15.9 billion gain.

Revolving credit outstanding in October edged up to $882.6 billion from $881.6 billion the previous month.

Non-revolving credit rose to $2.396 trillion from $2.384 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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