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Consumer Credit Index

Consumer Credit Index

The indicator showing how active the population is when using the loans by means of hire purchases, credit cards and personal loans. Consumer Credit is an indicator of consumer demand; it indicates that consumers are not afraid to borrow loans to satisfy their needs. This indicator is a subject to large seasonal fluctuations. For example, the amount of consumer credit loans increases significantly at Christmas and New Year’s eve. Consumer Credit Index has limited online forex market influence, but the indicator value growth is advantageous for development of the national economy and leads to the national currency rate growth. The data on consumer credit value is published on the 7th day of each month in the USA, and at the end of the month in the United Kingdom.

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