U.S. Consumer Borrowing Climbs on Bigger Credit Card Balances

U.S. consumer debt climbed in May at about thesame pace as a month earlier, led by the largest advance inrevolving debt outstanding since October, suggesting Americans’favorable economic outlook is underpinning continued spending.

Total credit rose $17.1 billion from the prior month, in linewith the median estimate of economists, following a $17.5billion gain in April, Federal Reserve figures showed Monday.While credit card and other revolving debt outstanding increasedat a faster rate, non-revolving credit posted the smallestincrease in almost a year.