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U.S. Consumer Credit Growth Exceeds Forecast on Autos, Loans

U.S. consumer debt rose in November at a faster-than-estimated pace as Americans continued to borrow to finance purchases.

Total credit rose $22.1 billion from the prior month, exceeding the median estimate of economists, following a downwardly revised $25 billion gain in October, Federal Reserve figures showed Tuesday. Non-revolving debt rose the most in a year.