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
Oct-179420.245
Nov-179363
Dec-179311
Jan-189297
Feb-189257
Mar-189250
Apr-189241

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.