WASHINGTON — Consumer borrowing rose $15.5 billion in June to a seasonally adjusted total of $2.446.1 trillion, the Federal Reserve reported Friday, an increase from a $2.430.6 trillion revised May credit total.
The median Thomson Reuters economists’ prediction was for $5.0 billion in credit growth.
Revolving credit rose to $798.3 billion from $793.1 billion in May. Non-revolving credit went up to $1.647.8 trillion from $1.637.5 trillion.
Consumer credit cards make up most of revolving debt.
Loans with fixed payoff dates, including those for automobiles, mobile homes, education, and boats, make up non-revolving credit.
The Fed’s monthly consumer credit numbers exclude any loans related to real estate.