Consumer credit increased by $13.4 billion in April to $3.602 trillion, the Federal Reserve reported Tuesday.
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In March, consumer credit rose a revised $28.4 billion to $3.588, first reported as a $29.7 billion increase.
Economists polled by Thomson Reuters predicted a $19.0 billion increase in the month.
Revolving credit outstanding in April grew to $951.5 billion from $949.8 billion the previous month.
Non-revolving credit rose to $2.650 trillion from $2.638 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
