Consumer Credit in U.S. Climbed in April on Non-Revolving Loans

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Consumer borrowing in the U.S. accelerated in April as Americans took out more education and automobile loans.

The $11.1 billion increase in credit followed a revised $8.37 billion increase the previous month that was more than initially reported, Federal Reserve figures showed today in Washington. The median forecast in a Bloomberg survey called for a $12.9 billion gain in April.