Credit Benchmark have released the March 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 have experienced recent instability in their collective credit balance. US Consumer Goods register a sixth consecutive instance of a negative CCI this month. EU Consumer Goods return to net deterioration.
UK Consumer Goods: Net Improvement Short-lived
UK Consumer Goods firms have experienced recent instability in their collective credit balance.
UK Consumer Goods CCI score this month is 49.1, a decrease from last month’s positive CCI of 50.4 and a return to net deterioration.
UK food inflation is at a 45-year high.
People in the UK are struggling to get hold of tomatoes, peppers and cucumbers in a food shortage that could last for another month.
EU Consumer Goods: Net Deterioration Returns
EU Consumer Goods firms return to net deterioration, after maintaining a positive CCI score for two months.
EU Consumer Goods CCI score this month is 48.8, a decrease from last month’s positive CCI of 51.2 and a return to net deterioration.
Eurozone inflation fell less than forecast in February. Price increases are testing the loyalty of European customers, and consumer goods makers find they can’t raise prices much more.
US Consumer Goods: Net Deterioration Trend Continues
US Consumer Goods firms register a sixth consecutive instance of a negative CCI this month.
US Consumer Goods CCI score this month is 48.9, a slight deterioration from last month’s CCI of 49.2.
S&P Global Mobility forecasts electric vehicle sales in the US could reach 40% of total passenger car sales by 2030. But, as of right now, the US may not be ready for that future.
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