Total consumer credit increased by $16.49
billion to $3.13 trillion, the Federal Reserve said on Monday.
January's consumer credit figure was revised to show a $13.80
billion increase instead of the previously reported $13.70
Economists polled by Reuters had expected consumer credit to
rise by $14.09 billion in February.
Revolving credit, which mostly measures credit-card use, tumbled
by $2.42 billion after January's $241-million drop. It was the
second straight month of declines.
Nonrevolving credit, which includes auto loans as well as
student loans made by the government, surged $18.91 billion in
February. That was the biggest gain in a year and followed a
$14.04 billion increase in January.
(Reporting by Lucia Mutikani; editing by Paul Simao)
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