Revolving credit – credit cards and the like – rose 0.8 percent at an annualized rate to $848 billion in December.
Non-revolving credit – auto loans and the like – increased 10.9 percent at an annualized rate to $1.95 trillion.
The rate of expansion in total consumer credit was up significantly from January, when credit expanded $12.7 billion.
January consumer credit growth was revised down from a $16.2 billion initial reading.
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