The overall index for May 2003 remained relatively unchanged
compared to last month, with a slight drop of three points to 56.
Since January 2003, the index has stayed in a narrow five-point range.
(A higher index number means more debt and a
lower number means lower debt.)
The index tracks
consumer attitudes toward consumer credit. Each month, the
public is surveyed on their plans to take on or pay off debt with
three questions on their credit usage for the past, next and next six
months. An index number is obtained by an economic analysis of
each of these questions, then averaged to derive the overall index
result. (Courtesy of Cambridge Consumer Credit Index Inc.)
