U.S. consumer credit jumps again in November

 FRB: G.19 Release-- Consumer Credit -- March 7, 2012

U.S. consumers boosted their debt in November by a seasonally adjusted $16.1 billion, marking the second straight sizable gain, according to Federal Reserve data. Consumer credit expanded at an annual rate of 7.0%, up from 6.2% in the prior month. In October, consumers racked up a slightly revised $14.0 billion in additional debt. Most of the increase in November came from non-revolving debt such as auto loans and student loans. Non-revolving debt jumped $15.2 billion. Credit-card debt grew by less than $1 billion in November, suggesting that Americans were cautious consumers in the first month of the holiday season. At the end of the month, consumer credit stood at $2.77 trillion, up 5.2% since the beginning of the year.

http://www.marketwatch.com/story/us-consumer-credit-jumps-again-in-november-2013-01-08?link=MW_home_latest_news