Consumer credit increased by $18.1 billion, or 7.1%, in October to $3.076 trillion, the Federal Reserve reported Friday.

In September, consumer credit rose a revised $16.3 billion, or 6.4%, to $3.057 trillion. September's increase was originally reported as $13.7 billion or 5.4%.

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.