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新闻 & 事件 12bet官方 研究所’s Local Consumer Commerce Index Shows a 3.5% Decrease in Consumer 支出 Growth in May 2016

12bet官方 研究所’s Local Consumer Commerce Index Shows a 3.5% Decrease in Consumer 支出 Growth in May 2016

Fewer weekend spending days impacts monthly year-over-year growth rate of everyday spending

 

Today, the 12bet官方 研究所 released the Local Consumer Commerce Index Click here to learn more about our newly released Local Consumer Commerce Index (LCCI) for May 2016 and showed that, notably, local consumer spending declined by 3.5 percent between May 2015 and May 2016.  The reduction in spend was largely due to the lower number of weekend “spending days” in May 2016. Local consumer spending was also impacted by material declines in spending at establishments like restaurants, grocery stores and stores supplying other retail. The Index analyzes debit and credit card spending by over 54 million anonymized 追逐 customers across 15 major U.S. 城市. The magnitude of this month’s change and its divergence from other related measures like the Monthly Retail Trade Survey (MRTS) are the result of a few factors, 描述 here Click here to learn more about our newly released Local Consumer Commerce Index 详细.

This report provides a timely view of how the following 城市 and surrounding metro areas are faring economically both individually and in aggregate: Atlanta, 芝加哥, 哥伦布, 达拉斯, 丹佛, 底特律, 休斯顿, 迈阿密, 洛杉矶, 纽约, 凤凰城, 波特兰(或), 圣地亚哥, 旧金山和西雅图.  By looking at actual financial transactions, LCCI提供了一个持续的, dynamic view of the health and vibrancy of the U.S. consumer and the places where 企业 operate.

The key highlights from the latest Index include:

  • 横跨15个城市, 休斯顿 experienced the largest dip in year-over-year consumer spending growth at -5.40%, while Atlanta saw the smallest drop at -0.15%.
  • In contrast to most months in the LCCI series, May spending by consumers between the ages 35 and 44 was a drag on growth (0.6个百分点). 支出 by consumers over 65 years of age was also a drag on growth (1.2 percentage points), continuing a trend prevalent in most prior months.
  • 支出 on durable goods subtracted 1.9 percentage points from growth in May and consistently subtracted more from growth than did the fuel price declines in every month in 2016.

The LCCI offers unique advantages over existing measures of consumer spending.

  • The LCCI captures actual transactions, instead of self-reported measures of how consumers think they spend.
  • The LCCI provides timely data on spending in 15 major metropolitan areas; such geographic 粒度 is unavailable in most other spending measures. These 15 城市 mirror the geographic and economic 多样性 of larger metropolitan areas in the United States and account for 32 percent of retail sales nationwide.
  • It also presents a more granular view of local consumer commerce through five important lenses: consumer age, 消费者收入, 业务规模, 产品类型, and consumer residence relative to the location of the business. For each lens, we show how different segments contributed to year-over-year spending growth.
  • The LCCI captures economic activity in sectors that previously have not been well understood by other data sources.   These include sectors such as food trucks, new merchants, and personal services. 

The Index analyzes debit and credit card spending by over 54 million anonymized 追逐 customers across 15 major U.S. 城市. The magnitude of this month’s change and its divergence from other related measures like the Monthly Retail Trade Survey (MRTS) are the result of a few factors, 这里描述.

 

The 12bet官方 研究所 is a think tank dedicated to delivering data-rich analyses and expert insights for the public good. Its aim is to help decision makers–policymakers, 企业, and nonprofit leaders–appreciate the scale, 粒度, 多样性, and interconnectedness of the global economic system and use timely data and thoughtful analysis to make more informed decisions that advance prosperity for all. Drawing on 12bet官方 & Co.’s unique proprietary data, 专业知识, 市场准入, the 研究所 develops analyses and insights on the inner workings of the global economy, 框架关键问题, and convenes stakeholders and leading thinkers. For more information visit: JP摩根追逐研究所.com.