Global Economic News and Analysis
Written by Steven Hansen Econintersect analysis is that total consumer credit growth has decelerated 0.3% month-over-month, and the year-over-year growth is 5.9% – relatively unchanged from last month. The seasonally adjusted consumer credit headlines are showing a growth of only 5.5%. There was significant backward revision to the data, but the overall “feel” of the …
Continue reading “August 2013 Consumer Credit Growth Remains Soft”
Written by Steven Hansen Econintersect analysis is that total consumer credit growth has accelerated 0.2% month-over-month, and the year-over-year growth is 6.0% – relatively unchanged from last month. The seasonally adjusted consumer credit headlines are showing a growth of only 4.5%.
Written by Steven Hansen Econintersect’s analysis is that total consumer credit growth has accelerated 0.2% month-over-month, and the year-over-year growth is 5.9% – relatively unchanged from last month. This month consumer credit headlines are correctly stating the real growth.
by rjs, MarketWatch 666 This article is cross-posted with MarketWatch 666 and Naked Capitalism. It was a relatively slow week just past for economic releases, with only reports on wholesale inventories and prices and an almost unchanged report on May job openings reported, in addition to the regular weekly releases, which can be quite noisy. …
Continue reading “May’s Consumer Credit, LPS Mortgage Monitor and JOLTS”
Written by Steven Hansen The headline said: Consumer credit increased at an annual rate of 8-1/4 percent in May. Revolving credit increased at an annual rate of 9-1/4 percent, while nonrevolving credit increased at an annual rate of 8 percent. Econintersect takeaway from the data: Unadjusted total consumer credit is down 0.1% month-over-month, and the …
Continue reading “May 2013 Consumer Credit Growth of 8.25% Is Imaginary”