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 Goods 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 Goods. 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 Goods consists of sectors Automobiles & Parts, Food & Beverage, and Personal & Household Goods.
UK Consumer Goods have experienced recent instability in their collective credit balance. US Consumer Goods register a seventh consecutive instance of a negative CCI this month. EU Consumer Goods return to net improvement.
US Consumer Goods: Net Deterioration Trend Continues
US Consumer Goods firms register a seventh consecutive instance of a negative CCI this month.
US Consumer Goods CCI score this month is 47.6, a slight deterioration from last month’s CCI of 48.9.
The US has increased its annual imports of “cellphones and other household goods” from China approximately 27.7%.
UK Consumer Goods: Ups and Downs
UK Consumer Goods firms have experienced recent instability in their collective credit balance.
UK Consumer Goods CCI score this month is 50.2, an increase from last month’s CCI of 49 and a return to net improvement.
UK inflation fell by less than expected in March, as households came under pressure from food and drink prices soaring.
EU Consumer Goods: Net Improvement Returns
EU Consumer Goods firms return to net improvement, after one month of net deterioration.
EU Consumer Goods CCI score this month is 51.9, a significant increase from last month’s CCI of 47.7 and a return to net improvement.
EU passenger car sales up 28.8% to over 1 million units in March.
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