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Consumer Credit
Definition: Measure the change in the amount of outstanding consumer credit. There are three types of consumer credit: fixed (automatic i.e. loans), revolving (i.e. credit cards) and other.
Additional Info: This figure is highly volatile and subject to huge revisions. More attention is paid to the Consumer Spending figures. As periods of consumer spending don’t necessarily accompany growth in consumer credit this information lacks usefulness. Related Terms: Consumer Spending - Credit Card Spending
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