2017 Economic Calendar
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Consumer Credit  
Released On 12/7/2017 3:00:00 PM For Oct, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$20.8 B$19.2 B$17.3 B$16.0 B to $19.5 B$20.5 B

Highlights
Revolving credit has been on the rise indicating less reluctance among consumers to run up their credit cards and helping to lift consumer credit to a higher-than-expected gain of $20.5 billion in October. Revolving credit rose $8.3 billion in the month to $1.01 trillion total for the biggest monthly gain since November last year. Whether this reflects more than just a rising spending appetite but a decline in credit standards is a question that isn't likely to haunt retailers during the holidays who are hoping for a very strong season. Nonrevolving credit, which tracks vehicle financing and also student loans, rose $12.2 billion in the month to $2.79 trillion.

Recent History Of This Indicator
Revolving credit has been on the rise which may be a positive for the holiday shopping outlook but a negative perhaps for credit standards. After increasing a sharp $20.8 billion in September, consumer credit is expected to rise $17.3 billion in October.

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
 
 

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


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