US consumer borrowing rose $17.5 billion in March

Published May 7, 2014 7:29pm ET



WASHINGTON (AP) — Consumers increased their borrowing in March by the largest amount in more than a year, using their credit cards and taking out more auto and student loans.

Consumer borrowing increased $17.5 billion in March, up from a gain of $13 billion in February, the Federal Reserve reported Wednesday. It was the biggest monthly increase since a $19.3 billion advance in February 2013.

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