Consumer credit increased by $14.2 billion in December to $3.763 trillion, the Federal Reserve reported Tuesday.
Processing Content
In November, consumer credit rose a revised $25.2 billion to $3.749 trillion, first reported as a $24.5 billion gain to $3.750 trillion.
Economists polled by Thomson Reuters predicted a $20 billion increase in the month.
Revolving credit outstanding in December grew to $995.5 billion from $993.2 billion the previous month.
Non-revolving credit rose to $2.767 trillion from $2.756 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
