U.S. credit-card usage declined for a third straight month, but consumer credit increased more than expected in August, according to Yahoo Finance. Federal Reserve data indicated on Monday that total consumer credit advanced to $3.04 trillion.
Revolving credit, which measures credit-card use, declined by $883.41 million, and nonrevolving credit, including auto and student loans, rose by $14.51 billion in August.
For recent data on revolving and nonrevolving credit, click here.
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