Written by Steven HansenHeadline consumer credit expanded significantly and well above expectations in June. Our analysis of the unadjusted data shows annual growth continues to accelerated year-over-year.
May 2021 Consumer Credit Continues To Expand econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.
Headline consumer credit expanded in March and was above expectations. Our analysis of the unadjusted data shows annual growth is now growing year-over-year.
Analyst Opinion of the Consumer Credit Situation
Student loan year-over-year growth rate was marginally grew but remains in an overall slowing trend.
Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatility in this data.
that the amount of consumer credit outstanding relative to consumer expenditures is at 21st-century highs.
Headline consumer credit expanded in January and was above expectations. Our analysis of the unadjusted data shows annual growth is non-existant year-over-year.
Analyst Opinion of the Consumer Credit Situation
Student loan year-over-year growth rate was little changed and remains in an overall slowing trend.
Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatility in this data.
that the amount of consumer credit outstanding relative to consumer expenditures is at 21st-century highs.
Headline consumer credit contracted in January and was extremely below expectations. Our analysis of the unadjusted data shows annual growth is now in contraction year-over-year.
Analyst Opinion of the Consumer Credit Situation
Student loan year-over-year growth rate declined and remains in an overall slowing trend.
Not only does this data set suffer from backward revision (at times moderate to significant enough to change trends -, but the use of compounding (projecting monthly change as annual change) by the Federal Reserve to determine consumer credit growth rates exaggerates the volatility in this data.
that the amount of consumer credit outstanding relative to consumer expenditures is at 21st-century highs.