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Consumer Borrowing in U.S. Rose More Than Forecast in February

Consumer credit in the U.S. climbed more than forecast in February as Americans took out more loans for motor vehicle purchases and education.

The $18.1 billion increase was the biggest in six months and followed a revised $12.7 billion advance in January, the Federal Reserve said today in Washington. The median forecast in a Bloomberg survey called for a $15 billion gain. Non-revolving debt, which includes financing for autos and college tuition, surged by $17.6 billion, the most since at least 2006.