The figure released is the dollar value of consumer installment credit outstanding. This is a lagging indicator due to the month between the end of the reporting period and when the figure is released.
Since the global financial crises started the debt-to-income ratio (which shows how indebted consumers are relative to their income) has been following a downward trend.
Check the Economic Events Calendar to see if this or other announcements are taking place in the next 5 days.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 25 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.