Historical Year Data · 2016
Revolving Consumer Credit in 2016
Revolving Consumer Credit opened 2016 at $904B and closed at $960B, a +6.25% move for the year. The high of $960B was reached on December 1, and the low of $904B on January 1.
Open
$904B
2016-01
Close
$960B
12 data points
High
$960B
Dec 1
Low
$904B
Jan 1
Full Year Change
+6.25%
2015 Change
+1.94%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $904B | $904B | $904B | $904B | +0.00% |
| Feb | $908B | $908B | $908B | $908B | +0.00% |
| Mar | $919B | $919B | $919B | $919B | +0.00% |
| Apr | $924B | $924B | $924B | $924B | +0.00% |
| May | $927B | $927B | $927B | $927B | +0.00% |
| Jun | $935B | $935B | $935B | $935B | +0.00% |
| Jul | $940B | $940B | $940B | $940B | +0.00% |
| Aug | $945B | $945B | $945B | $945B | +0.00% |
| Sep | $949B | $949B | $949B | $949B | +0.00% |
| Oct | $950B | $950B | $950B | $950B | +0.00% |
| Nov | $954B | $954B | $954B | $954B | +0.00% |
| Dec | $960B | $960B | $960B | $960B | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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