Historical Year Data · 2016
Household Financial Obligations Ratio in 2016
Household Financial Obligations Ratio opened 2016 at 15.11% and closed at 15.18%, a +0.44% move for the year. The high of 15.26% was reached on July 1, and the low of 15.11% on January 1.
Open
15.11%
2016-01
Close
15.18%
4 data points
High
15.26%
Jul 1
Low
15.11%
Jan 1
Full Year Change
+0.44%
2015 Change
+0.35%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 15.11% | 15.11% | 15.11% | 15.11% | +0.00% |
| Apr | 15.22% | 15.22% | 15.22% | 15.22% | +0.00% |
| Jul | 15.26% | 15.26% | 15.26% | 15.26% | +0.00% |
| Oct | 15.18% | 15.18% | 15.18% | 15.18% | +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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