2018 Economic Calendar
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Consumer Credit  
Released On 8/7/2018 3:00:00 PM For Jun, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$24.6 B$24.3 B$16.0 B$12.5 B to $17.0 B$10.2 B

Consumer credit came in below expectations, up $10.2 B in June as consumers held back from adding to their credit-card debt and even paid off some of it following a spending spree in the previous month. Revolving credit, which includes credit cards and which posted the biggest increase since November in the previous month, fell $0.2 billion in June. Nonrevolving credit, which tracks both vehicle financing as well as student loans, rose a moderate $10.4 billion. The decline in revolving credit suggests the consumer regained the prudent spending habits characteristic of most the months in the first half of the year.

Consensus Outlook
A smaller increase of $16.0 billion is expected for consumer credit in June, after jumping $24.6 billion in May on a sudden spike in revolving credit. An increase in non-revolving credit, tied in part to auto financing, was also strong.

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
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

2018 Release Schedule
Released On: 1/82/73/74/65/76/77/98/79/1010/511/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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