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
Apr-183895
May-183905
Jun-183911
Jul-183916
Aug-183921
Sep-183925
Oct-183927

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.