Consumer credit increased by $20.5 billion in March to $3.363 trillion, the Federal Reserve reported Tuesday.
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In February, consumer credit rose a revised $14.8 billion to $3.343 trillion. The month's increase was originally reported as a $15.5 billion gain to $3.343 trillion.
Economists polled by Thomson Reuters predicted a $16.0 billion increase in the month.
Revolving credit outstanding in March edged up to $889.4 billion from $885.1 billion the previous month.
Non-revolving credit rose to $2.474 trillion from $2.458 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
