Credit Benchmark have released the May 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.
US Consumer Goods register an eighth consecutive instance of a negative CCI this month. UK Consumer Goods net improvement continues. EU Consumer Goods show recent instability in their collective credit balance.
US Consumer Goods: Net Deterioration Trend Continues
US Consumer Goods firms maintain a negative credit balance for eight consecutive months.
US Consumer Goods CCI score this month is 48.0, a slight improvement from last month’s CCI of 47.6.
Latest US retail sales rebound from two consecutive months of declines, but well below market forecasts.
UK Consumer Goods: Net Improvement Continues
UK Consumer Goods firms continue to show a positive credit balance.
UK Consumer Goods CCI score this month is 51.2, an improvement from last month’s CCI of 50.1.
Latest UK retail sales show a decrease from a month earlier.
EU Consumer Goods: Net Deterioration Returns
EU Consumer Goods firms show recent instability in their collective credit balance.
EU Consumer Goods CCI score this month is 49.2, a decrease from last month’s CCI of 52.3 and a return to net deterioration.
Latest Euro Area retail sales continue to show decline.
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