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—August 2018

The Local Commerce Index (LCI) increased by 3.8 percent in August 2018. For the third consecutive month, all metro areas tracked by the LCI posted positive growth. In addition to positive growth across metro areas, the LCI continues to see widespread, positive growth contributions across demographic, geographic, and firmographic segments. This is a striking trend that has characterized LCI growth since May 2018. It is important to note that there was one more Friday in August 2018 than August 2017. As prior research done by the Institute demonstrates, consumer spending tends to be higher on Fridays and Saturdays. This structural tendency can impact year-over-year growth rates if comparison months have different numbers of Fridays and Saturdays. Another noteworthy feature of this month’s data is the jump in Houston’s growth rate from 3.0 percent in July 2018 to 13.4% in August 2018. This can be partially explained by the fact that during the comparison month of August 2017, Houston was experiencing a contraction in consumer spending associated with Hurricane Harvey.

Download Report of the August 2018 LC-Merchant Index update FAQs
Local Consumer Commerce Index - Aug 2018: 3.8% Local Consumer Commerce Index - Aug 2018: 3.8%

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