Economic EventConsumer Credit
UnitsChange in Billions of Dollars
Current PeriodDec 2012
Release DateFeb. 07. 13
Consensus for Current Period15
Number of Forecasts1
Economic Surprise-0.4 ( -2.67 % )
Prior PeriodNov 2012
Reported Value for Prior Period15.9
Revised From16.1
Next Release DateMar. 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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