Local Consumer Commerce grew 1.2 percent year-over-year between February 2016 and February 2017. Of our 15 cities, only three experienced negative growth rates. For the first time since January 2015, consumers in the highest income quintile made a positive contribution to overall growth, and consumers between the ages of 55 and 64 did not subtract from it. February marks the first month since October 2015 that saw positive growth contributions from small, mid-sized, and large businesses.Download Report of the February 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 59 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
This material is a product of JPMorgan Chase Institute (“JPMCI”) and is provided to you solely for general information purposes. Unless otherwise specifically stated, any views or opinions expressed herein are solely those of the authors listed, and may differ from the views and opinions expressed by JPMS’s Research Department or other departments or divisions of JPMorgan Chase & Co. or its affiliates. This material is not a product of the Research Department of J.P. Morgan Securities LLC (“JPMS”). Information has been obtained from sources believed to be reliable but JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively J.P. Morgan) do not warrant its completeness or accuracy. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. The data relied on for this report are based on past transactions and may not be indicative of future results. The opinion herein should not be construed as an individual recommendation for any particular client and are not intended as recommendations of particular securities, financial instruments or strategies for a particular client. This material does not constitute a solicitation or offer in any jurisdiction where such a solicitation is unlawful.
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