Prior month revised to 14.02 billion vs. 13.951 billion
- credit card and other revolving debt rises by 5.8 billion. The annual change is 7.5%
- nonrevolving borrowing increased by 15.4 billion. The annual change is 7.1%
The rise in consumer borrowing was a highest and 3 months. The catalyst for the increase was increased nonrevolving loans for motor vehicle purchases and continuing education. in the 4th quarter, student loans climbed 9.5 billion. Lending for auto purchases increased by 8.9 billion
