United States Consumer Credit Change

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Surprise:

$-5.9B

Actual:

$5.1B

Forecast: $11B

Previous/Revision:

$17.87B

Period: May

What Does It Measure?

The United States Consumer Credit Change measures the change in the amount of outstanding credit extended to consumers, reflecting borrowing behaviors and consumer confidence. It primarily assesses the growth or contraction in revolving credit (like credit cards) and non-revolving credit (such as auto loans and student loans), which are key indicators of consumer spending and economic health.

Frequency

This report is released on a monthly basis, typically published on the seventh business day of the month, presenting the final figures for the prior month.

Why Do Traders Care?

Traders closely monitor consumer credit change as it offers insights into consumer confidence and spending behaviors, which are crucial for economic growth. A higher-than-expected increase in consumer credit can be bullish for stock markets and the US dollar, whereas weaker figures may indicate caution among consumers, negatively impacting financial markets.

What Is It Derived From?

The Consumer Credit Change is derived from data collected by the Federal Reserve, which compiles credit balances from financial institutions that report credit statistics. The report is based on comprehensive data collection and includes responses from a wide array of lending institutions, ensuring an accurate representation of total consumer credit outstanding.

Description

The Consumer Credit Change includes both preliminary and final reports, with preliminary data based on early estimates that may be subject to revisions, while final data reflects adjusted and confirmed figures released later. This indicator is typically reported in a month-over-month (MoM) format, highlighting short-term shifts in consumer borrowing and spending patterns, which is critical for analyzing immediate economic trends.

Additional Notes

As a coincident economic indicator, the Consumer Credit Change provides insights into the overall economic environment and can signal consumer confidence levels. It relates closely to other indicators like retail sales and employment figures, contributing to a comprehensive assessment of economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jul 08, 2025		$5.1B	$11B	$17.87B	$-5.9B