Consumer Credit in U.S. Climbed $7.4 Billion in September

Consumer borrowing in the U.S. rose in September, boosted by a gain in non-revolving credit that includes financing for auto purchases and school loans.

The $7.4 billion jump was more than forecast and followed a $9.7 billion decrease the previous month, Federal Reserve figures showed today in Washington. Credit was projected to rise $5.2 billion, according to the median forecast in a Bloomberg News survey.

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