Total consumer installment credit rose by $7.97 billion to $2.81 trillion. That was the smallest increase since July. Economists polled by Reuters had expected consumer credit to rise a solid $16.00 billion in March.
Revolving credit, which mostly measures credit-card use, fell $1.71 billion after rising $453 million in February.
Nonrevolving credit, which includes auto loans as well as student loans made by the government, rose $9.68 billion in March. That followed an $18.18 billion increase in February.
(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)
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