2012 Economic Calendar
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Consumer Credit
Released On 4/6/2012 3:00:00 PM For Feb, 2012
PriorPrior RevisedConsensusConsensus RangeActual
Consumer Credit - M/M change$17.8 B$18.6 B$12.0 B$10.0 B to $18.0 B$8.7 B

Highlights
Consumer credit continues to expand as consumers borrow more to fund purchases. Consumer credit rose a respectable $8.7 billion in February following an outsized and upwardly revised rise of $18.6 billion in January. Consumer credit has been surging the last six months driven by nonrevolving credit, credit in large part that's used to fund vehicle purchases. Revolving credit, which also turned higher late last year, has however been lagging and contracted slightly for a second month in a row.

Market Consensus before announcement
Consumer credit outstanding posted a $17.8 billion gain in January versus a revised $16.3 billion gain in December. During the last five months, outstanding credit has jumped $68.5 billion. In what is nearly a new record for an old series, non-revolving credit surged $20.7 billion in the month after increasing $12.6 billion in December. The big gain for the latest month offsets a slight decline in revolving credit which nevertheless, reflecting increasing use of credit cards, continues to trend higher. For the latest month, strength in non-revolving credit was about evenly divided between student loans and auto loans.

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
 

 

2012 Release Schedule
Released On: 1/92/73/74/65/76/77/98/79/1010/511/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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