The indicator reflects the extent of American system of credits through credit cards, personal loans and hire purchase. It is an indicator of consumer demand. Importance of this indicator suggests that consumers are not afraid of taking loans to meet their material needs. However, the figures are often revised, and have significant seasonal variations. For example, consumer credit is growing in anticipation of Christmas and New Year.
It has a limited impact on the market. Growth of the index is a good factor for the national economy and leads to the growth of the dollar.