Credit Benchmark have released the February Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK and 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 firms have experienced recent instability in their collective credit balance. US Consumer Goods firms register a fifth consecutive instance of a negative CCI this month. EU Consumer Goods firms maintain a positive CCI score.
UK Consumer Goods: Net Improvement Returns
UK Consumer Goods firms have experienced recent instability in their collective credit balance.
UK Consumer Goods CCI score is 50.2 this month, an improvement from last month’s CCI of 48.9 and a return to net improvement.
The UK Competition and Markets Authority will examine the accuracy of ‘green’ claims made about household essential goods to make sure shoppers are not being misled.
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EU Consumer Goods: Net Improvement Continues
EU Consumer Goods firms have maintained a positive CCI score for the second consecutive month.
EU Consumer Goods CCI score this month is 51.2, a slight improvement from last month’s CCI of 50.7.
In 2023, many EU sectors, including Household Goods and Food, will likely see diminishing growth due to a weak economy.
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US Consumer Goods: Net Deterioration Trend Continues
US Consumer Goods firms register a fifth consecutive instance of a negative CCI this month.
US Consumer Goods CCI score this month is 49.2, an improvement from last month’s CCI of 48.0.
US consumer spending fell for a second straight month in Dec-22, putting the economy on a lower growth path heading into 2023.
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