2018 Economic Calendar
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Consumer Credit  
Released On 1/8/2018 3:00:00 PM For Nov, 2017
PriorConsensusConsensus RangeActual
Consumer Credit - M/M change$20.5 B$18.0 B$14.0 B to $22.5 B$28.0 B

Consumers were heating up their credit cards in November as revolving credit, up $11.2 billion in the month, made a sizable contribution to total credit outstanding which rose $28 billion for a 17-year high. The rise in revolving credit is the second largest of the ongoing expansion and perhaps indicates less reluctance among the nation's consumers to run up their credit cards. And though it hints at momentum going into December's shopping, it may also revive talk of slackening credit standards. Nonrevolving credit, where auto financing and student loans are tracked, rose $16.8 billion which is also a sharp rise.

Consensus Outlook
Revolving credit has been on the rise indicating less reluctance among consumers to run up their credit cards. Revolving credit rose $8.3 billion in October for the biggest monthly gain since November 2015. Nonrevolving credit, which tracks vehicle financing and also student loans, rose $12.2 billion. After October's $20.5 billion increase, consumer credit is expected to rise $18.0 billion in November.

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
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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