U.S. consumer debt rose in October by the most in
almost a year and topped estimates, indicating Americans were
stepping up borrowing to finance purchases.
Total credit rose $25.4 billion from the prior month, exceeding
the 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 other
revolving debt rose by the most in 11 months and non-revolving
credit also increased.
