2017 Economic Calendar
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Consumer Credit  
Released On 3/7/2017 3:00:00 PM For Jan, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$14.2 B$14.8 B$18.3 B$-15.0 B to $20.5 B$8.8 B

Highlights
Consumers held back on credit-card borrowing in January as nonrevolving credit fell $3.8 billion for the first monthly decline since February last year and the largest since December 2012. But nonrevolving credit, where vehicle financing and student loans are tracked, rose a respectable $12.6 billion and offers a reminder that overall credit growth, including revolving credit, has been steady. Yet, at least for January, nonrevolving credit couldn't offset the weakness in revolving credit as total credit increased only $8.8 billion for the smallest rise since July 2012.

Recent History Of This Indicator
Consumer credit is expected to rise $18.3 billion in January following December's moderate $14.5 billion gain. Growth in consumer credit has been running in the mid-to-high single digits the last 5 years led by strong demand for nonrevolving credit. But in a special sign of consumer activity, revolving credit has been showing sporadic strength in recent months.

Definition
The dollar value of consumer installment credit outstanding. Changes in consumer credit indicate the state of consumer finances and portend future spending patterns.  Why Investors Care
 
[Chart]
The debt-to-income ratio shows how indebted consumers are relative to income. A rising ratio indicates that consumers are taking on greater debt burdens with respect to income growth. In a growing economy, this may not be dangerous. However, indebtedness could quickly become a problem if income and employment conditions turn around. The yearly change in debt outstanding shows yearly trends in debt growth and tends to be less volatile than the monthly change.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/92/73/74/75/56/77/108/79/810/611/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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