2016 Economic Calendar
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Consumer Credit  
Released On 4/7/2016 3:00:00 PM For Feb, 2016
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$10.5 B$14.9 B$14.0 B$11.5 B to $16.9 B$17.2 B

Consumer credit rose $17.2 billion in February with January revised higher to $14.9 billion. Nonrevolving credit, reflecting gains for vehicle financing and student loans, rose $14.2 billion with revolving credit, where credit-cards are tracked, pulling up the rear as usual as with a gain of $2.9 billion. The lack of gains for revolving credit is good in the sense that it points to consumer wherewithal but negative relative to short-term consumer spending.

Consensus Outlook
Consumer credit is expected to rise $14.0 billion in February following a $10.5 billion gain in January that was held down by a dip for revolving credit which, however, had been showing life in prior reports. Nonrevolving credit, boosted by vehicle sales and also by student loans, is the stronger of the two components.

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

2016 Release Schedule
Released On: 1/82/53/74/75/66/77/88/59/810/711/712/7
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