November consumer credit up most since 2001 (Reuters)

WASHINGTON (Reuters) ? Consumer credit in November expanded by the most since 2001, rising $20.37 billion after increasing a revised $6.02 billion in October, a Federal Reserve report showed on Monday.

That was nearly three times the median forecast in a Reuters poll for a $7.0 billion gain in outstanding consumer credit.

Nonrevolving credit, which includes student and auto loans, rose $14.78 billion in November after a revised $5.34 billion increase in October.

Revolving credit, which mostly measures credit-card use, rose $5.60 billion, the third straight monthly increase.

(Reporting by Jason Lange, Editing by Andrea Ricci)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120109/bs_nm/us_usa_economy_consumercredit

ultimate fighter 14 2011 bowl projections ndamukong suh ndamukong suh aptera aptera facebook ipo