Economics
U.S. Consumer Credit Rose Most in 11 Months in October
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U.S. consumer debt rose in October by the most inalmost a year and topped estimates, indicating Americans werestepping up borrowing to finance purchases.
Total credit rose $25.4 billion from the prior month, exceedingthe median estimate of economists for a $15 billion increase,following an upwardly revised $11.6 billion gain in September,Federal Reserve figures showed Friday. Credit-card and otherrevolving debt rose by the most in 11 months and non-revolvingcredit also increased.