Consumer Credit Rose $7.4 Billion in Sept.

Published November 07, 2011, 3:00 p.m. EST

Updated November 07, 2011, 2:46 p.m. EST

1 Min Read

NEW YORK - Consumer credit increased by $7.4 billion, or 3.6%, in September to $2.452 trillion, the Federal Reserve reported Monday.

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Revolving credit fell to $789.6 billion from $790.2 billion.

Non-revolving credit rose to $1.662 trillion from $1.654 trillion.

Economists expected consumer credit would increase by $5.0 billion, according to the median estimate from Thomson Reuters

Revolving credit includes credit card debt.

Non revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.

Gary Siegel

Managing Editor

Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in... Read full bio

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