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2009 Economic Calendar |
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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
| Released on 8/5/05 For Jun 2005 | ||||||||||
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Highlights
Consumer credit rose a sharp $14.5 billion in June vs. a decline of $1.2 billion in May. Revolving credit rose $7.7 billion while non-revolving credit, reflecting strong vehicle sales, rose $6.9 billion. The interest rates on car loans averaged 5.55%, up a sharp 30 basis points in the month.
Consumer installment credit declined by $3 billion in May. June figures might be stronger due to the spurt in motor vehicle sales as well as overall retail sales.
Consumer credit Consensus Forecast for June 05: $6 billion
Range: $4 to $10 billion
![[Chart]](chart.gif)
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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. |
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