US Consumer Borrowing Rises Most in Three Months in Broad Pickup
A customer completes a purchase at a store in Burbank, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
US consumer borrowing increased in March by the most in three months, reflecting a pickup in credit-card balances as well as a solid rise in motor vehicle and other non-revolving loans.
Total credit climbed nearly $10.2 billion after falling a revised $614 million in February, according to Federal Reserve data out Wednesday. The median projection in a Bloomberg survey of economists called for a $9.4 billion rise. The monthly figures cap a quarter that saw the smallest annualized gain in credit in nearly a year.