2018 Economic Calendar
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Consumer Credit  
Released On 9/10/2018 3:00:00 PM For Jul, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$10.2 B$8.5 B$13.9 B$12.5 B to $15.5 B$16.6 B

Employment is strong and consumers are not running up their credit cards as growth in revolving credit remains subdued, rising $1.3 billion in July after dipping $1.2 billion in June. Growth in nonrevolving credit, reflecting demand for both vehicle financing and student loans, remains steady and substantial, at $15.4 billion vs June's $9.6 billion. Total consumer credit outstanding rose $16.6 billion vs Econoday's consensus for $13.9 billion and compared with June's downward revised $8.5 billion.

Consensus Outlook
Rising growth of $13.9 billion is expected for consumer credit in July, after a moderate increase of $10.2 billion in a June result that showed a slight decrease for revolving credit.

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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