Consumer credit increased by $16.4 billion in March to $3.806 trillion, the Federal Reserve reported Friday.

Bloomberg News

In February, consumer credit rose a revised $13.7 billion to $3.789 trillion, first reported as a $15.2 billion gain to $3.792 trillion.

Economists polled by Thomson Reuters predicted a $13.00 billion increase in the month.

Revolving credit outstanding in March rose to $999.8 billion from $997.9 billion the previous month.

Non-revolving credit rose to $2.806 trillion from $2.791 trillion.

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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