U.S. consumer borrowing picks up speed in August

Consumers borrowing picks up speed in August

The numbers: Total U.S. consumer credit rose $32.2 billion in August, up from $26.1 billion in the prior month, the Federal Reserve said Friday. That translates into a 8.3% annual rate, up from a 6.8% gain in the prior month.Key data: Revolving... The numbers: Total U.S. consumer credit rose $32.2 billion in August, up from $26.1 billion in the prior month, the Federal Reserve said Friday. That translates into a 8.3% annual rate, up from a 6.8% gain in the prior month.

The consumer credit data does not include mortgage debt, which is the largest category of household borrowing.

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