Consumer Borrowing in U.S. Increased $20.5 Billion in April

Consumer borrowing in the U.S. rose more than forecast in April, boosted by the biggest increase in revolving credit in a year.

The $20.5 billion advance in total borrowing followed a $21.3 billion gain in the prior month that was larger than previously estimated, Federal Reserve figures showed Friday in Washington. Non-revolving credit, which includes student and automobile loans, increased at a slower pace.