Consumer credit increased by $13.7 billion, or 5.4%, in September to $3.052 trillion, the Federal Reserve reported Thursday.

In August, consumer credit rose a revised $14.2 billion, or 5.6%, to $3.038 trillion. August's increase was originally reported as $13.6 billion or 5.4%.

Revolving credit outstanding dropped to $846.9 billion from $848.9 billion.

Non-revolving credit edged up to $2.205 trillion from $2.189 trillion.

The increase exceeded the median $12.0 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.

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