Consumer Credit Rises Less Than Expected

Consumer credit rose a lower-than-expected $9.3 billion in April though consumers did run up their credit-card debt slightly as revolving credit, which was in the negative column the last two reports, rose $2.3 billion in the month. Nonrevolving credit, which includes student loans and also vehicle financing and which often posts double-digit gains, rose only $7.0 billion in the month.