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2009 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's 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 11/7/05 For Sep 2005 | ||||||||||
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Highlights
Consumer credit sank $0.1 billion in September, a surprise offset in part by a sharp upward revision in August to a gain of $8 billion.
Non-revolving credit fell $3.2 billion in September reflecting the month's unusually weak truck sales. Revolving credit rose $3.1 billion.
Credit usage has moderated over much of the year. Consumers, posting negative savings and facing rising interest rates, may begin to spend less especially if the jobs market remains as weak as it did in October.
Consumer installment credit increased $4.9 billion in August, moderating from the pace of the two previous months. Given the slowdown in motor vehicle sales, it wouldn't be a surprise to see continued moderation in September consumer credit usage either.
Consumer credit Consensus Forecast for Sept 05: $6 billion
Range: $-2.5 to $8.0 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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