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Consumer Credit Balances Expand

Sam RoDec 6, 2014, 01:31 IST

Consumer credit balances increased by $13.22 billion in October.

This was a bit less than the $16.50 billion expected by economists.

Non-revolving credit, which includes auto loans and student loans, increased by $12.3 billion.

Revolving credit, which includes credit card debt, climbed by $922 million.