2018 Economic Calendar
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Consumer Credit  
Released On 6/7/2018 3:00:00 PM For Apr, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$11.6 B$12.3 B$14.0 B$11.0 B to $16.0 B$9.3 B

Highlights
Consumer credit rose a lower-than-expected $9.3 billion in April though consumers did run up their credit-card debt slightly as revolving credit, which was in the negative column the last two reports, rose $2.3 billion in the month. Nonrevolving credit, which includes student loans and also vehicle financing and which often posts double-digit gains, rose only $7.0 billion in the month.

Consensus Outlook
Lack of growth in revolving credit has been holding back consumer credit which is expected to post a moderate April gain of $14.0 billion. Nonrevolving credit has been on the rise though a flat month for vehicle sales may hold this component back in April.

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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