Local Consumer Commerce grew 3.6 percent year over year between April 2016 and April 2017. Out of our 15 cities, only Atlanta and Seattle experienced negative growth rates. Consumers 65 and older did not subtract from growth in April 2017, the first time this has occurred since September 2014. For the third month in a row, all consumers regardless of income quintile contributed to growth. Spending on non-durable goods contributed 1.2 percentage points to growth this month, the largest growth contribution of all product types and a significant bump from the 0.3 percentage point subtraction from growth experienced in March 2017.Download Report of the April 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
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