Consumer credit increased by $25.9 billion in August to $3.687 trillion, the Federal Reserve reported Friday.
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In July, consumer credit rose a revised $17.8 billion to $3.660.9 billion, first reported as a $17.7 billion gain to $3.660.8 trillion.
Economists polled by Thomson Reuters predicted a $16.5 billion increase in the month.
Revolving credit outstanding in August grew to $974.6 billion from $969.0 billion the previous month.
Non-revolving credit rose to $2.712 trillion from $2.692 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
