2018 Economic Calendar
2019 Econoday Investor's Journal Buy Now
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Consumer Credit  
Released On 12/7/2018 3:00:00 PM For Oct, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$10.9 B$11.6 B$15.3 B$10.0 B to $19.5 B$25.4 B

Highlights
Consumer credit rose a higher-than-expected $25.4 billion in October with September revised slightly higher to $11.6 billion. The burst in October is due to revolving credit which rose an outsized $9.2 billion for the largest monthly increase since November last year and following a $0.3 billion decline in September. Nonrevolving credit rose $16.2 billion vs September's $11.9 billion. The consumer is spending and borrowing which, against the backdrop of healthy credit standards, is a plus for the economy and the holiday outlook.

Consensus Outlook
Rising growth of $15.3 billion is expected for consumer credit in October following September's moderate increase of $10.9 billion that showed a slight decline in revolving debt.

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]
Rising levels of revolving credit, where interest rates are typically high, can help support consumer spending in the short run but can also underscore the risk of unsustainable household indebtedness, especially during downturns in the labor market.
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
 


powered by  [Econoday]