Economic EventConsumer Credit
UnitsChange in Billions of Dollars
Current PeriodOct 2012
Release DateDec. 07. 12
Consensus for Current Period10.5
Number of Forecasts3
Economic Surprise3.7 ( 35.24 % )
Prior PeriodSep 2012
Reported Value for Prior Period12.2
Revised From11.4
Next Release DateJan. 08. 13
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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