Current Forecast of US Total Bank Credit

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

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



Forecast Values for US Total Bank Credit

DateForecast
Apr-189227
May-189236
Jun-189248
Jul-189263
Aug-189277
Sep-189293
Oct-189316

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.