WASHINGTON - Consumer credit increased by $8.7 billion, or 4.2%, in February to $2.521.8 trillion, the Federal Reserve reported Friday.
In January, consumer credit rose a revised $18.6 billion, or 8.9%, to $2.51315 trillion.
Revolving credit fell to $798.6 billion from $800.8 billion in February.
Non-revolving credit rose to $1.723.2 trillion from $1.712.2 trillion.
The increase fell short of the $12.25 billion increase projected by economists polled by Thomson Reuters.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
