Consumer credit increased by $15.9 billion, or 5.9%, in September to $3.267 trillion, the Federal Reserve reported Friday.
In August, consumer credit rose a revised $14.1 billion, or 5.2%, to $3.251 trillion. The month's increase was originally reported as a $13.5 billion or a 5.0% gain.
Revolving credit outstanding in September edged up to $881.8 billion from $880.3 billion the previous month.
Non-revolving credit rose to $2.385 trillion from $2.371 trillion.
The consumer credit increase was slightly larger than the median $15.4 billion rise 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.
