Local Consumer Commerce declined by 1.4 percent between July 2016 and July 2017, ending a streak of positive year-over-year growth rates that began in February 2017. Out of the 15 metro areas we track, only 3 had positive year-over-year growth rates. Spending by consumers under 35 made positive contributions to growth, which was outweighed by subtractions from growth due to reductions in spending by consumers 35 and older. Similarly, spending at small businesses made positive contributions to growth, which was more than negated by spending reductions at mid-sized and large businesses.Download Report of the July 2017 Local Consumer Commerce Index update FAQs
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 60 million anonymized Chase customers across 15 metro areas 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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