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Share Name | Share Symbol | Market | Type |
---|---|---|---|
JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.86 | -0.45% | 190.80 | 192.529 | 188.46 | 192.00 | 8,922,779 | 01:00:00 |
April Saw a 1.1 Percent Increase in Everyday Spending Growth
Today, the JPMorgan Chase Institute released the Local Consumer Commerce Index (LCCI) for April 2016 - a monthly measure of year-over-year growth in everyday consumer spending. The Index analyzes debit and credit card spending by over 54 million anonymized Chase customers across 15 major U.S. cities.
This report provides a timely view of how the following cities and surrounding metro areas are faring economically both individually and in aggregate: Atlanta, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Miami, Los Angeles, New York, Phoenix, Portland (OR), San Diego, San Francisco and Seattle. By looking at actual financial transactions, LCCI offers an ongoing, dynamic view of the health and vibrancy of the U.S. consumer and the places where businesses operate.
The key highlights from the latest Index include:
“It’s promising to see that year-over-year growth in April was much more widespread than in March. Overall, consumer spending rebounded from flat growth and we hope to see that continue to increase in May, like we did in 2015,” said Diana Farrell, President and CEO of the JPMorgan Chase Institute.
The LCCI offers unique advantages over existing measures of consumer spending.
Each release of the LCCI will describe the economic picture of local communities and provide a powerful tool for city development officials, businesses, investors, and statistical agencies to better understand the everyday economic health of consumers, businesses, and the places they care about.
About the JPMorgan Chase Institute
The JPMorgan Chase Institute is a global think tank dedicated to delivering data-rich analyses and expert insights for the public good. Its aim is to help decision makers – policymakers, businesses, and nonprofit leaders – appreciate the scale, granularity, diversity, and interconnectedness of the global economic system and use better facts, timely data and thoughtful analysis to make smarter decisions to advance global prosperity. Drawing on JPMorgan Chase & Co.’s unique proprietary data, expertise, and market access, the Institute develops analyses and insights on the inner workings of the global economy, frames critical problems, and convenes stakeholders and leading thinkers. For more information visit: jpmorganchaseinstitute.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160728006274/en/
Media:JPMorgan Chase & Co.Nicole Kennedy, 215-864-5732nicole.kennedy@chase.com
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