October 2013 Consumer Credit Growth Remains Consistent With Economic Growth

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 6.3% – again subtly growing from last month. The seasonally adjusted consumer credit headlines are showing a growth of 7.0% – the headline numbers are extremely noisy. There was significant backward revision to the …

September 2013 Consumer Credit Growth Remains Soft Ignoring Student Loans

Written by Steven Hansen Econintersect analysis is that total consumer credit growth has accelerated 0.1% month-over-month, and the year-over-year growth is 6.1% – subtly growing from last month. The seasonally adjusted consumer credit headlines are showing a growth of only 5.25%. There was significant backward revision to the data, but the overall “feel” of the …

August 2013 Consumer Credit Growth Remains Soft

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 …

Joe Sixpack’s Situation: 2Q2013 View Continues to Improve but Less Good

Written by Steven Hansen A Federal Reserve data release (Z.1 Flow of Funds) for 2Q2013 provides insight into the finances of the average household – and our beloved “Joe Sixpack”. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset. We have also modeled a Joe who …

July 2013 Consumer Credit Growth Is Relatively Flat

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%.