US consumer borrowing up $17.9 billion in August

WASHINGTON (AP) — Consumer borrowing increased at a solid pace in August, helped by the biggest jump in auto and student loans in three years.
The Federal Reserve says total credit rose $17.9 billion after a $23 billion increase in July.
The August strength came from a $19.8 billion increase in the category that covers auto and student loans.It was the biggest monthly advance since August 2016.
This strong gain offset a $1.9 billion drop in the category that covers credit cards.
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