2018 Economic Calendar
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Consumer Credit  
Released On 5/7/2018 3:00:00 PM For Mar, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$10.6 B$13.6 B$15.6 B$11.0 B to $19.1 B$11.6 B

Highlights
Consumer credit came in on the low side of expectations, up $11.6 billion in March with February revised $3.0 billion higher to $13.6 billion. Revolving credit is once again the weak spot, down $2.6 billion in the month following a $0.5 billion decline in February. Weakness in revolving credit, which includes credit cards, explains at least part of the slowdown in first-quarter consumer spending. Non-revolving credit, which includes both student loans and vehicle loans, rose $14.2 billion in both March and February.

Consensus Outlook
A stronger increase in consumer credit is the call for March, at a consensus $15.6 billion vs $10.6 billion in February. Growth in revolving credit has slowed sharply this year and is one of the factors that has held down consumer spending.

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
 
[Chart]
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
 
 

2018 Release Schedule
Released On: 1/82/73/74/65/76/77/98/79/1010/511/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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