Economic: USA: Consumer Credit – Update

Currently, the index is portraying a consumer that has debt under control and manageable. The composite index is at 0.92 in April which is 0.02 points higher than last year at this time, but 0.04 points lower than just a month earlier in March.  Mortgage defaults are lower, year-over-year at 0.68. Auto loans have increased by 0.09 points from last year, but also dropped from last month by 0.06 points to 0.99.