2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Credit  
Released On 10/5/2018 3:00:00 PM For Aug, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$16.6 B$16.6 B$15.0 B$13.0 B to $16.0 B$20.1 B

Highlights
Consumer credit rose a strong $20.1 billion in August to easily top Econoday's consensus range. Growth was strong for both nonrevolving credit, rising just over $15 billion in the month, and revolving credit as well, up nearly $5 billion. Gains in nonrevolving reflect demand for vehicle financing and also student loans while gains for revolving credit reflect credit-card debt. The consumer is spending and borrowing which, against the backdrop of healthy credit standards, is a plus for the economy.

Consensus Outlook
Steady growth of $15.0 billion is expected for consumer credit in August, after posting a July increase of $16.6 billion despite a second month of subdued results for revolving credit.

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
 
 

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


powered by  [Econoday]