Consumer Credit in U.S. Increases on Non-Revolving Debt
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Consumer borrowing in the U.S. increased in November, reflecting a gain in non-revolving debt such as student and auto loans.
The $12.3 billion advance followed a revised $17.9 billion rise the previous month, the Federal Reserve said today in Washington. The median forecast in a Bloomberg survey of economists called for a $14.3 billion gain.