| Consumer Credit
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Released On 5/5/2017 3:00:00 PM For Mar, 2017
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Prior | Prior Revised | Consensus | Consensus Range | Actual |
| Consumer Credit - M/M change | $15.2 B | $13.7 B | $15.6 B | $10.0 B to $20.8 B | $16.4 B |
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Highlights
Growth in consumer credit held steady in March, up $16.4 billion yet underpinned once again by nonrevolving credit where growth is being driven by vehicle financing but also student loans which are lumped into this component. Revolving credit, where credit card debt is tracked and which rose only $2.0 billion in the month, continues to show only marginal traction consistent with the less-than-robust strength in consumer spending.
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Consensus Outlook
Credit growth has been moderate and constructive with consumer credit posting steady monthly gains averaging in the $15 to $20 billion range. Revolving credit has been uneven though growth in nonrevolving credit, reflecting vehicle financing and also student loans, has been steady and sizable. A $15.6 billion increase is expected for consumer credit in March.
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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
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