08/02/2014 08:25 AST

Consumer borrowing in the U.S. increased more than forecast in December as Americans made holiday purchases with credit cards and took out loans for cars and schooling.

The $18.8 billion gain exceeded the highest estimate in a Bloomberg survey and followed a revised $12.4 billion advance the previous month, the Federal Reserve said today in Washington. The median forecast of 30 economists called for a $12 billion increase. For all of 2013, consumer credit increased 6.2 percent after rising 6.1 percent a year earlier.

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Bloomberg

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SABIC 100.87 2,504,855
EEC 17.29 463,643
SIPCHEM 15.72 1,068,963
PETRORABIGH 13.85 2,037,712
RJHI 67.88 1,417,807
BURUJ 34.50 110,831
Index Closing Change
NIKKEI 225 20,299.38 389.88 (1.95%)
DAX 12,561.79 2.40 (0.01%)
S&P 500 2,506.65 2.78 (0.11%)
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