Consumer credit increased by $28.8 billion in November to $3.827 trillion, the Federal Reserve reported Thursday.

In October, consumer credit rose $20.5 billion to $3.799 trillion.

Economists polled by IFR Markets predicted a $19.50 billion increase in November.

Revolving credit outstanding in November rose $11.2 billion to $1.023 trillion from $1.012 trillion the previous month.

Non-revolving credit rose $16.8 billion to $2.805 trillion from $2.788 trillion.

Revolving credit includes credit card debt.

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

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