The Local Commerce Index

The Local Commerce Index (LCI) is a measure of the monthly year-over-year growth rate of everyday debit and credit card spending by over 64 million anonymized Chase customers across 14 metro areas in the US. The LCI is an alternative view of the health and vibrancy of the US consumer and the places where consumers and businesses operate.

Regularly released, the LCI 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.

Local Commerce Index—October 2018

The Local Commerce Index increased 1.7 percent year-over-year in October 2018. This marks the sixth consecutive month of positive growth of the index, the longest streak since January 2015. Spending on fuel has been the largest contributor to overall growth for the fifth consecutive month, adding 1.0 percentage point in October 2018. Breaking down spending by age, consumers under the age of 35 continue to be a dominant driver of growth, with consumers under 25 contributing 0.6 percentage points to overall growth, and consumers aged 25 to 34 contributing 0.7 percentage points. However, continuing a trend seen in the previous five months, older consumers have dragged growth less than in months prior to May 2018. In October 2018, contributions from consumers 55 and over remained flat. Houston posted the lowest growth rate of all metro areas tracked by the LCI, with spending decreasing by 2.6 percent year-over-year in October 2018, continuing a pattern of high volatility, and high median and average growth. On the other hand, over the past 12 months, Columbus has had the second-highest average and median growth rates, but the third-least volatile growth rate.

Download Report of the October 2018 LC-Merchant Index update FAQs
Local Consumer Commerce Index - Oct 2018: 1.7% Local Consumer Commerce Index - Oct 2018: 1.7%

View Text Version Local Commerce Index graph

Starting with the August 2017 refresh, the Local Commerce Index readjusted its geographic scope to 14 metro areas, omitting Seattle. This decision was driven by a desire to streamline our lens to focus on local transactions, and due to merchant-specific transaction data changes.

Where is everyday spending growing?

Use this interactive map to view changes in the rate of everyday spending across 14 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.

View the Map Where is everyday spending growing?

Map of the 'Where is retail spending growing?' data visualization