Consumer credit in U.S. rises in April by most in 5 months

UNITED STATES consumer debt expanded $17.5 billion in April. / BLOOMBERG NEWS FILE PHOTO
UNITED STATES consumer debt expanded $17.5 billion in April. / BLOOMBERG NEWS FILE PHOTO
NEW YORK – United States consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5 billion from the prior month to $4.1 trillion following an upwardly revised $11 billion gain in March, Federal Reserve figures showed…

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