U.S. March consumer credit up 6.1 bln usd vs revised 13.4 bln rise in Feb

WASHINGTON (AFX) - Consumer credit rose a seasonally-adjusted 6.1 bln usd in March, the Federal Reserve said. This is the smallest increase in consumer credit since Oct 1999. The rise was smaller than expected. The consensus forecast of Wall Street economists was for consumer credit to rise 9.6 bln usd in March. Consumer credit rose a revised 13.4 bln usd in February, slightly below the original estimate of a 13.5 bln rise. The Fed said credit for revolving loans -- such as credit card loans -- rose 6.6 bln usd in March, after rising 10.9 bln the previous month. Growth in non-revolving credit, or all other loans not secured by real estate, fell 0.5 bln usd, following a 2.4 bln rise in February.

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