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 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.
This month the consensus outlook on EU Consumer Services firms is back in positive territory, whilst US Consumer Services firms return to net deterioration. UK Consumer Services firms have experienced recent instability in their collective credit balance.
UK Consumer Services: Ups and Downs
UK Consumer Services firms have experienced recent instability in their collective credit balance.
UK Consumer Services CCI score is 48.8 this month, a decrease from last month’s CCI of 52.2 and a return to net deterioration.
Travelers to the UK will soon have to apply in advance and pay to enter the country when the Electronic Travel Authorisation visa waiver goes into effect later this year.
.
EU Consumer Services: Net Improvement Returns
After three months in the red, consensus outlook on EU Consumer Services firms is back in positive territory this month.
EU Consumer Services CCI score this month is 51.3, a modest improvement from last month’s CCI of 49.6.
Alcohol sales slump for European retailers as consumers attempt to moderate the impact of inflation by cutting discretionary purchases.
.
US Consumer Services: Net Deterioration Returns
US Consumer Services firms struggle to remain in positive territory, with a return to net deterioration this month.
US Consumer Services CCI score this month is 48.9, a decrease from last month’s CCI of 51.9.
US retailers, battered from tackling recent supply chain disruptions, rising inflation and hiring challenges, are bracing themselves for another uncertain year ahead with a possible recession looming.
.
To download the full CCI tear sheets for UK, EU, and US Consumer Services, please enter your details below:
In the current low yield environment, many Sovereign bonds issued by different countries are priced at similar levels. However, this Read more
Credit Benchmark is a market-led response to three of the most critical issues facing credit risk professionals: 1) The need to Read more
This paper examines the use cases for Credit Benchmark’s Consensus Probabilities of Default (Consensus PDs), in the context of more Read more
The Basel Committee on Banking Supervision recently published wide-reaching proposals for reducing variation in Credit Risk Weighted Assets, with a Read more
