Consumer credit increased by $15.2 billion in February to $3.792 trillion, the Federal Reserve reported Friday.

In January, consumer credit rose a revised $10.9 billion to $3.777 trillion, first reported as a $8.8 billion gain to $3.774 trillion.

Economists polled by Thomson Reuters predicted a $14.45 billion increase in the month.

Revolving credit outstanding in February rose to $1 trillion from $997.4 billion the previous month.

Non-revolving credit rose to $2.792 trillion from $2.779 trillion.

Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.