Economic EventConsumer Credit
UnitsChange in Billions of Dollars
Current PeriodSep 2012
Release DateNov. 07. 12
Consensus for Current Period9
Number of Forecasts1
Economic Surprise2.4 ( 26.67 % )
Prior PeriodAug 2012
Reported Value for Prior Period18.4
Revised From18.1
Next Release DateDec. 07. 12
Next Release Time3:00 PM Eastern Time
DescriptionConsumer credit is considered a good indicator of the potential future spending levels, and shows the extent to which benchmark interest rates such as the fed funds rate and prime rate have manifested themselves at the consumer level (it can take six months to a year for macro interest rates to work their way down to consumers).
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