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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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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
| Released on 4/6/07 For Feb 2007 | ||||||||||||
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Highlights
Consumer credit rose a moderate $3.0 billion in February, down from a $6.6 billion gain in January and at a sub-trend 1.5 percent annual rate. But today's solid earnings and payroll data point to consumer strength in March and perhaps higher borrowing to go along with it. Retail trade data for March will be released a week from Monday.
Consumer credit rose $6.5 billion in January, up from a $5 billion increase in December. January's increase was concentrated in nonrevolving credit.
Consumer credit Consensus Forecast for March 07: +$5.0 billion
Range: -$5.0 billion to +$8.5 billion
![[Chart]](chart.gif)
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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. |
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