Con­sumer Credit In­crease Beats Econ­o­mist Fore­cast

The Bond Buyer - - Market News - — Chip Bar­nett

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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