Bloomberg Second Measure
US Consumer Spend Index
White Paper
Introduction
Macroeconomic indicators, such as Gross Domestic Product (GDP), Consumer Price Index (CPI) and U.S. Retail Sales measure a country’s economic activity over time. Typically collected through surveys by government agencies, these indicators have the potential to influence policy decisions and the financial markets upon publication. The launch of the Bloomberg Second Measure US Consumer Spend Index, powered by consumer transaction data analytics and available via the World Economic Analyzer {ECAN<GO>} solution on the Bloomberg Terminal, provides investors with a novel way to track consumer spending in the U.S. Bloomberg Second Measure’s transaction data analytics take into account billions of U.S. consumers’ credit card and debit card transactions derived from a panel of 20+ million consumers, starting from January 1, 2017.