Consumer Credit in U.S. Rises More Than Forecast
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Consumer borrowing in the U.S. rose more than forecast in January, capping the biggest three-month gain in more than a decade, as demand for autos improved and Americans sought more education.
Credit increased by $17.8 billion to $2.51 trillion, Federal Reserve figures showed today in Washington. The gain topped the $10.5 billion median forecast of economists surveyed by Bloomberg News. In the three months to January, borrowing climbed by the most since mid 2000.