NEW YORK - Consumer borrowing increased by $6 billion in March to a seasonally adjusted $2.426.5 trillion from $2.419.5 trillion in February, a 3.0% increase, the Federal Reserve reported Friday.
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The February increase was unrevised at $7.6 billion.
Revolving credit grewfell to $796.1 billion from $794.2 billion in February, while non-revolving credit rose to $1.629.4 trillion from $1.625.3 trillion.
Non revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
Thomson Reuters had projected a $5.25 billion rise in credit.
