Economic EventConsumer Credit
UnitsChange in Billions of Dollars
Current PeriodNov 2012
Release DateJan. 08. 13
Consensus for Current Period12
Number of Forecasts1
Economic Surprise4.1 ( 34.17 % )
Prior PeriodOct 2012
Reported Value for Prior Period14
Revised From14.2
Next Release DateFeb. 07. 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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