2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Credit  
Released On 7/10/2017 3:00:00 PM For May, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$8.2 B$12.9 B$14.3 B$12.0 B to $16.0 B$18.4 B

Highlights
Consumer spending has been modest but consumers did run up their credit-card debt in May helping to lift consumer credit outstanding by a larger-than-expected $18.4 billion. Revolving credit, which is where credit cards are tracked, rose $7.4 billion vs only $1.2 billion in April. Nonrevolving credit, where auto financing and student loans are the biggest factors, posted yet another sizable increase of $11.0 billion in May. Credit card debt may not be a plus for long-term consumer health, but it is one for near-term consumer spending and GDP.

Recent History Of This Indicator
Credit growth slowed in April to $8.2 billion, down from a long steady trend in the $15 to $20 billion range. Forecasters see consumer credit moving back up to trend, at a consensus $14.3 billion in May. The revolving credit component has been soft reflecting reluctance among consumers to run up their credit cards.

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
 
 

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


powered by  [Econoday]