Current Forecast of US Total Consumer Credit

Units: Billion USD, End of Month.  Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Total Consumer Credit

DateForecast
Jan-183851
Feb-183863
Mar-183877
Apr-183890
May-183900
Jun-183906
Jul-183911

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.