2017 Economic Calendar
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Consumer Credit  
Released On 2/7/2017 3:00:00 PM For Dec, 2016
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$24.5 B$25.2 B$20.0 B$18.0 B to $25.0 B$14.2 B

Growth in consumer credit slowed in December, to $14.2 billion vs an upward revised $25.2 billion in November. Revolving credit showed less life in December than prior months, rising only $2.4 billion vs November's $11.8 billion. Weakness here helps explain the general weakness in core shopping during December. Nonrevolving credit, reflecting demand for auto loans and especially student loans, rose an intrend $11.8 billion.

Consensus Outlook
Consumer credit is expected to rise $20.0 billion in December following November's outsized gain of $24.5 billion. Consumers are increasingly running up their credit cards based on the revolving credit component of this report which rose $11.0 billion November.

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

2017 Release Schedule
Released On: 1/92/73/74/75/56/77/108/79/810/611/712/7
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