2018 Economic Calendar
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Consumer Credit  
Released On 4/6/2018 3:00:00 PM For Feb, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$13.9 B$15.6 B$15.1 B$11.7 B to $18.4 B$10.6 B

Consumer spending was soft in February and part of the reason was reluctance to run up credit cards. Revolving credit inched only $0.1 billion higher in February for the lowest result in 4-1/2 years. Nonrevolving credit, where student loans and vehicle financing are tracked, did rise $10.5 billion in the month which, however, is soft for this reading. Together they make for a $10.6 rise in total consumer credit which is well under Econoday's low estimate. These results point to a cautious consumer and hint at trouble for the consumer's contribution to first-quarter GDP.

Consensus Outlook
Another increase in consumer credit is the call for February, at a consensus $15.1 billion vs $13.9 billion in January. Credit card use had been on the rise but not in January's report as the revolving component showed only a small increase.

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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