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Indicator Digest

Net Lending to Individuals

Main Indicator: Consumer Credit m/m

Most Recent Release

May
7th, 2009
Actual Forecast Previous Revised Form
-11.1B -4.1B -8.1B -7.5B
For March
Provided by: Federal Reserve
Next Release Date: June 05th 2009, 15:00 EST

Table of Past Data

8/79/810/711/712/51/82/63/64/75/7
Actual14.3B4.6B-7.9B6.9B-3.5B-7.9B-7.5B-11.1B
Forecast6.4B8.6B6.7B-0.3B2.0B-0.5B-2.3B-4.2B-2.7B-4.1B
Previous8.1B11.0B4.6B-7.9B6.9B-3.5B-7.9B-6.6B8.1B-8.1B
Revised From7.8B14.3BN/AN/AN/AN/AN/AN/A1.8B-7.5B

Past Releases

April
7th, 2009
Actual Forecast Previous Revised Form
-7.5B -2.7B 8.1B 1.8B
For February
Provided by: Federal Reserve
March
6th, 2009
Actual Forecast Previous Revised Form
-4.2B -6.6B N/A
For January
Provided by: Federal Reserve
February
6th, 2009
Actual Forecast Previous Revised Form
-2.3B -7.9B N/A
For December
Provided by: Federal Reserve
January
8th, 2009
Actual Forecast Previous Revised Form
-7.9B -0.5B -3.5B N/A
For November
Provided by: Federal Reserve
December
5th, 2008
Actual Forecast Previous Revised Form
-3.5B 2.0B 6.9B N/A
For October
Provided by: Federal Reserve
November
7th, 2008
Actual Forecast Previous Revised Form
6.9B -0.3B -7.9B N/A
For September
Provided by: Federal Reserve
October
7th, 2008
Actual Forecast Previous Revised Form
-7.9B 6.7B 4.6B N/A
For August
Provided by: Federal Reserve
September
8th, 2008
Actual Forecast Previous Revised Form
4.6B 8.6B 11.0B 14.3B

For July
Provided by: Federal Reserve

Consumer borrowing slowed in July, with total credit increasing $4.6 billion. That's almost half what economists forecast, and is significantly lower than June's downwardly revised $11.0 billion. Banks have restricted lending, as they continue to face tighter credit conditions and consumers have also cut back on spending. Consumer faced with rising unemployment and a higher cost of living are trying to save. Automobile sales in July for example slumped to the lowest level in 15 years. Consumers with good credit standing are finding it hard to get increases to their credit lines, which is limiting potential spending. 

August
7th, 2008
Actual Forecast Previous Revised Form
14.3B 6.4B 8.1B 7.8B
For June
Provided by: Federal Reserve