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
Oct-173811
Nov-173822
Dec-173767
Jan-183764
Feb-183764
Mar-183749
Apr-183759

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.