Credit Benchmark have released the April Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK & EU Consumer Services based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for Consumer Services. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
Consumer Services consists of sectors Media, Retail, and Travel & Leisure.
UK Consumer Services registered another positive CCI this month. US Consumer Services net deterioration continues. EU Consumer Services have experienced recent instability in their collective credit balance.
US Consumer Services: Net Deterioration Continues
The deteriorating trend for US Consumer Services firms continues, with a third month of negative credit balance.
US Consumer Services CCI score this month is 49.3, an improvement from last month’s CCI of 47.4.
No-frills US retailers step up investment to attract middle-income shoppers in search of cheaper groceries.
UK Consumer Services: Net Improvement Continues
UK Consumer Services firms have registered another positive CCI this month.
UK Consumer Services CCI score this month is 51.8, an increase from last month’s CCI of 50.6.
The UK aviation sector expects growth in demand for flying to slow in the coming decades because of higher ticket prices, as the industry turns to expensive new technologies to try to cut its carbon emissions.
EU Consumer Services: Ups and Downs
EU Consumer Services firms have experienced recent instability in their collective credit balance.
EU Consumer Services CCI score this month is 54.1, a modest improvement from last month’s CCI of 48.4.
Food prices are soaring, particularly in Europe, as producers and retailers try to maintain or increase their margins.
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