Consumer Credit Rose $19.3 Billion in Sept.

Consumer credit increased by $19.3 billion in September to $3.687 trillion, the Federal Reserve reported Monday.

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In August, consumer credit rose a revised $26.8 billion to $3.688 billion, first reported as a $25.9 billion gain to $3.687 trillion.

Economists polled by Thomson Reuters predicted an $18.0 billion increase in the month.

Revolving credit outstanding in September grew to $978.8 billion from $974.6 billion the previous month.

Non-revolving credit rose to $2.728 trillion from $2.713 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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