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US consumer credit increases by $8.2B in April

U.S. consumer credit increased during April, according to data from the Federal Reserve.

Outstanding consumer credit rose at a seasonally adjusted annual rate of 2.6% in April, increasing by $8.2 billion during the month. Outstanding consumer credit increased by $16.43 billion in March.

Revolving credit increased at an annual rate of 1.8% in April, while nonrevolving credit rose at an annual rate of 2.9% in the month.