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新闻 & 事件 12bet官方 研究所's Local Consumer Commerce Index Shows a 1.4 Percent Increase in Consumer 支出 Growth

12bet官方 研究所's Local Consumer Commerce Index Shows a 1.4 Percent Increase in Consumer 支出 Growth

High income consumers continue to contribute to growth, while older consumers (55+) subtract from growth.

 

Today, the 12bet官方 研究所 released its 本地消费商业指数(LCCI) for May 2017, which showed positive consumer spending growth in 10 of the 15 US cities analyzed. Overall, year-over-year consumer spending growth increased by 1.5月份为4%.

值得注意的是, 丹佛 had the fastest growth rate of all the LCCI cities at 9 percent, and 旧金山 was the only city to have a higher year-over-year growth rate in May 2017 compared to April 2017.

Data visualization of the changes in local consumer spending growth over the last 24 months can be found online.

This report provides a timely view of how the following cities and surrounding metro areas are faring economically, both individually and in aggregate: Atlanta, 芝加哥, 哥伦布, Dallas-Ft. 价值, 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. 通过观察实际情况, 去识别金融交易, LCCI提供了一个持续的, dynamic view of the financial health of the U.S. consumer and the vibrancy of the places where 企业 operate.

“Following two months of above-average year-over-year growth in local consumer spending, 我们在5月份看到了持续增长, though at a slower rate” said Diana Farrell, President and CEO of the 12bet官方 研究所. “This positive growth pattern—evident since February 2017—is encouraging and a sharp contrast to the latter half of 2016.”

Additional key highlights from the latest Index include:

  • 支出 on other services contributed 1 percentage point to year-over-year growth in May 2017, the largest growth contribution of all 产品类型s in May 2017.
  • Consumers between the ages of 55 and 64 broke their three month streak of non-negative contributions to year-over-year growth, 减去0.5 percentage points from growth in May 2017.
  • Consumers in the bottom income quintile saw the largest growth contribution amongst all income quintiles, 为0.7个百分点.
  • 支出 from consumers in the same metro area as the merchant (but not the same neighborhood) contributed 1.2017年5月为1个百分点, while a decline in spending from consumers that reside outside of the metro area subtracted 0.1 percentage points from year-over-year growth.
  • 小企业贡献0.4 percentage points to year-over-year growth in May 2017, the 4th consecutive month of sustained positive growth.

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 cities 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.
  • The LCCI 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.

Each release of the LCCI describes the economic picture of local communities and provides a powerful tool for city development officials, 企业, 投资者, and statistical agencies to better understand the everyday economic health of consumers, 企业, 以及他们关心的地方.

 

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. 借鉴12bet官方 & Co.微软独有的专有数据, 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. 更多信息请访问: JP摩根追逐研究所.com.