U.S. Consumer Credit Increased in November

Americans increased their borrowing at a slower pace in November, the Federal Reserve said Wednesday. Here are some key details from the report: 

--Outstanding consumer credit, a measure of debt excluding loans secured by real estate, rose at a 3.61% seasonally adjusted annual rate in November. That compares with a 5.49% annual growth rate in October. 

--The total amount of consumer credit rose $12.51 billion in November from the previous month. Economists surveyed by The Wall Street Journal had expected a $15.5 billion increase.

--Consumer credit rose a revised $18.98 billion in October from September, the Fed said.

--Revolving credit outstanding, which is made up mostly of credit card debt, declined at a 2.68% seasonally adjusted annual rate in November.

--Nonrevolving credit outstanding, made up mostly of auto and student loans, increased at a 5.83% annual rate in November.