The Federal Reserve reported on Friday that consumer credit outstanding rose $14.2 billion October to $2,753.5 billion. This follows a $12.2 billion increase in September and a $19.6 billion increase in August.
Revolving credit increased $3.2 billion in October to $857.6 billion, and follows a $2.2 billion decrease in September.
Nonrevolving credit increased $10.7 billion in October to $1,895.8 billion, and follows a $14.4 billion increase in September.
Consumer credit has now increased for 3 consecutive months.
The below chart shows a longer view of changes, and includes the absurd revisions The Fed made in December 2010.
