Local Consumer Commerce fell 0.7 percent year-over-year between January 2016 and January 2017. All 15 LCC cities had lower year-over-year growth rates in January 2017 compared to December 2016, and only four had positive growth rates. However, like the May 2016 drop (opens May 2016 Memo) in the LCCI, much of this decline was due to “day of week” (DOW) effects, insofar as January 2016 had an extra weekend. Despite large business growth remaining positive (1.1 percentage points) for the second consecutive month, this contribution was more than offset by declines in spending growth at small and mid-sized businesses. Restaurants experienced a rare decline in January 2017, subtracting 0.2 percentage points from growth.Download Report of the January 2017 Local Consumer Commerce Index update
Local Consumer Commerce
The Local Consumer Commerce Index (LCCI) is a measure of the monthly year-over-year growth rate of everyday debit and credit card spending by over 58 million anonymized Chase customers across 15 cities in the US. The LCCI is an alternative view of the health and vibrancy of the US consumer and the places where consumers and businesses operate.
Regularly released, the LCCI will continue to describe the economic picture of local communities and provide a powerful tool for city development officials, businesses and investors, and statistical agencies to better understand the everyday economic health of consumers, businesses, and the places they care about.
Where is everyday spending growing?
Use this interactive map to view changes in the rate of everyday spending across 15 US cities and their surrounding metro areas over the past 24 months. Get even more information by viewing these data at the individual city level.
Profiles of Local Consumer Commerce: Insights from 12 Billion Transactions in 15 US Metro Areas
Research from the JPMorgan Chase Institute shows that the year-to-year growth of consumers' everyday spending on most goods and services in 15 major US metropolitan areas has slowed dramatically.
Big Spend on the Weekend
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