USA Consumer Credit For September 9.06B Vs 10.00B Est.; -15.79B Prior
Portfolio Pulse from Benzinga Newsdesk
USA Consumer Credit for September was reported at $9.06 billion, lower than the estimated $10 billion and significantly higher than the previous month's $-15.79 billion.
November 07, 2023 | 8:01 pm
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The lower than expected consumer credit could indicate a slower economic recovery, potentially impacting the broader market tracked by SPY.
Consumer credit is a key indicator of consumer spending, which drives the majority of the US economy. A lower than expected figure could suggest a slower economic recovery, which could negatively impact the broader market, including the SPY ETF that tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75