Consumer credit increased by $19.1 billion in July to $3.453 trillion, the Federal Reserve reported Tuesday.
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In June, consumer credit rose a revised $27.0 billion to $3.434 trillion. The month's increase was originally reported as a $20.7 billion gain.
Economists polled by Thomson Reuters predicted an $18.8 billion increase in the month.
Revolving credit outstanding in July edged up to $914.6 billion from $910.3 billion the previous month.
Non-revolving credit rose to $2.539 trillion from $2.524 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
