Consumer Credit in U.S. Climbed in April for Seventh Month
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U.S. consumer borrowing rose in April for a seventh consecutive month, led by a gain in non-revolving debt, including auto and student loans, the Federal Reserve reported today.
Credit rose by $6.25 billion after a revised $4.82 billion gain in March that was smaller than the previous estimate, the Fed said in Washington. Economists projected a $5 billion increase in, according to a Bloomberg News survey.