29th January – 23rd February 2024

US regional bank sentiment and UK card spending

 

Highlights

United States

We have now  added the Community Bank Sentiment Index (CBSI) to our US data. The index is derived from quarterly polling surveys in which regional bankers from across the country are asked to assess the outlook of the economy at the grassroots level. An index reading of 100 indicates a neutral sentiment, while anything above 100 indicates a positive sentiment and anything below 100 indicates negative sentiment.

As of Q4 2023, the index remains below 100 for the eighth consecutive quarter, marking a sustained period of negative sentiment among these bankers. However, there appears to have been an improving trend since Q2 2023, when the index reached its all-time low, suggesting that this group is becoming less pessimistic about the economic outlook.

A further valuable addition for the United States is the new Chicago Fed Advance Retail Trade Summary (CARTS) index compiled by the Federal Reserve Bank of Chicago. This serves as an important indicator of consumer spending in the US – a major element of economic activity.

The bank previously discontinued the original CARTS index in early 2022 bank after losing access to several input series from various providers. The revised CARTS 2.0 index includes a broader set of consumer spending indicators.

The chart below shows the index with the headline retail trade indicator for the United States and indicates a slowdown in consumption in the first two months of 2024. The chart demonstrates how volatile retail trade has been, peaking in early 2021. The recent slowdown can be attributed to a number of factors including lower savings and increased debt, interest rates and changes in the labour market.

United Kingdom

We have added the seasonality-adjusted version of the credit and debit cards spending tracker, broken down by type of spending, to our UK data. A surge in work-related spending can be seen in early 2020, likely due to investment in setting up home offices and technology for remote work in response to the pandemic. In contrast, the social and delayable spending categories saw sharp declines over the same period, reflecting lockdown measures and the postponement of non-essential purchases. By 2023, spending in all categories stabilizes, suggesting a return to pre-pandemic normality tempered by macroeconomic factors such as inflation, changes in employment rates and global economic trends.

Complete list

Albania

Deposits, by sector
Country & Region > Albania [al, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Deposits > By Sector

Interest rates on Deposits
Country & Region > Albania [al, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Banking System > Interest Rates on Deposits

Interest rates on Loans
Country & Region > Albania [al, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Banking System > Interest Rates on Loans

Loans, by Customer
Country & Region > Albania [al, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Loans > By Customer

Australia

Average Floor Area
Country & Region > Australia [au, Region] > Construction & Real Estate [cons, Category] > Construction > Construction Status > Completed > Australian Bureau of Statistics > Building Activity > National > All Sectors > Average Floor Area

Monthly Household Spending Indicator
Country & Region > Australia [au, Region] > Surveys & Leading Indicators [surv, Category] > Household Surveys > Australian Bureau of Statistics > Household Spending Indicator

RBA Statement on Monetary Policy, Detailed Forecast
Country & Region > Australia [au, Region] > Forecasts [fcst, Category] > Reserve Bank of Australia

Brazil

Formal Employment (MTE)
Country & Region > Brazil [br, Region] > Labor Market [lama, Category] > Employment > Formal (MTE)

Chile

Consumer Confidence Index
Country & Region > Chile [cl, Region] > Surveys & Leading Indicators [surv, Category] > Consumer Surveys > Central Bank of Chile > Consumer Confidence Index

Expectations & Determinants of Prices Survey
Country & Region > Chile [cl, Region] > Surveys & Leading Indicators [surv, Category] > Business Surveys > Central Bank of Chile > Expectations & Determinants of Prices (EDEP)

Currency Derivatives Net Amounts Outstanding
Source & Release > Chile [cl, Region] > Central Bank of Chile > Currency Derivatives Net Amounts Outstanding [rel_clbcenbank7, Release]

Denmark

Services Trade, Travel Agent Activities
Country & Region > Denmark [dk, Region] > Trade [trad, Category] > Domestic Trade > Services Trade

Finland

Employment Service Statistics
Country & Region > Finland [fi, Region] > Labor Market [lama, Category] > Unemployment

Real Estate, Home Prices (Quarterly)
Source & Release > Finland [fi, Region] > Statistics Finland > Real Estate, Home Prices (Quarterly) [rel_fistatpdwellqr, Release] > New Dwellings

Hong Kong

Loan-to-Deposit Ratio
Country & Region > Hong Kong [hk, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > MFIs > Loans > Monetary Statistic

Hungary

External Trade of Products
Country & Region > Hungary [hu, Region] > Trade [trad, Category] > Foreign Trade > Classification SITC

Producer Price Index
Country & Region > Hungary [hu, Region] > Prices [pric, Category] > Producer Price Index > Export Sales of Industry

Foreign Trade by Countries
Country & Region > Hungary [hu, Region] > Trade [trad, Category] > Foreign Trade > Countries

Retail Trade
Country & Region > Hungary [hu, Region] > Trade [trad, Category] > Domestic Trade > Retail Trade

Iraq

Monetary & Financial Stability
Country & Region > Iraq [iq, Region] > Money, Banking & Credit [bank, Category] > Banking Ratios > Assets Quality

Israel

Paid Hourly Labor Cost Index
Country & Region > Israel [il, Region] > Labor Market [lama, Category] > Productivity, Costs & Hours Worked > Hourly Labor Costs

Italy

Bankruptcies & Registrations
Country & Region > Italy [it, Region] > Business Statistics [bust, Category] > Business Registrations

Electricity Price
Country & Region > Italy [it, Region] > Commodities & Energy [caes, Category] > Prices > Energy > Electricity

Ivory Coast

Public Debt
Country & Region > Ivory Coast [ci, Region] > Government & Public Finance [gpfi, Category] > Public Debt > Central Government Debt

Japan

Monthly Labour Survey: By Establishment Size, Contractual Cash Earnings
Country & Region > Japan [jp, Region] > Income & Earnings [inea, Category] > Earnings > Contractual Cash Earnings > By Establishment Size

Monthly Labour Survey: By Establishment Size, Special Cash Earnings
Country & Region > Japan [jp, Region] > Income & Earnings [inea, Category] > Earnings > Special Cash Earnings > By Establishment Size

Monthly Labour Survey: By Establishment Size, Total Cash Earnings
Country & Region > Japan [jp, Region] > Income & Earnings [inea, Category] > Earnings > Total Cash Earnings > By Establishment Size

Monthly Labour Survey: By Establishment Size, Turnover
Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Employment > Turnover > By Establishment Size

Monthly Labour Survey: By Establishment Size, Days worked
Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Productivity, Costs & Hours Worked > Days Worked > Total > By Establishment Size

Monthly Labour Survey: By Establishment Size, Hours worked, non-scheduled
Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Productivity, Costs & Hours Worked > Hours Worked > National > By Type > Non-Scheduled > By Establishment Size

Monthly Labour Survey: By Establishment Size, Hours worked, scheduled
Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Productivity, Costs & Hours Worked > Hours Worked > National > By Type > Scheduled > By Establishment Size

Monthly Labour Survey: By Establishment Size, Hours worked
Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Productivity, Costs & Hours Worked > Hours Worked > National > Total > By Establishment Size

TANKAN, Overseas Business Activities, Current Profits
Country & Region > Japan [jp, Region] > Surveys & Leading Indicators [surv, Category] > Business Surveys > Bank of Japan > TANKAN > Overseas Business Activities > Consolidated Current Profits

TANKAN, Overseas Business Activities, Fixed Investments
Country & Region > Japan [jp, Region] > Surveys & Leading Indicators [surv, Category] > Business Surveys > Bank of Japan > TANKAN > Overseas Business Activities > Consolidated Fixed Investment

Kenya

Deposits
Country & Region > Kenya [ke, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Central Bank > Deposits

Unemployment
Country & Region > Kenya [ke, Region] > Labor Market [lama, Category] > Unemployment

Banking System Net Domestic Credit
Country & Region > Kenya [ke, Region] > Money, Banking & Credit [bank, Category] > Balance Sheet & Flows of MFI Sector > Central Bank > Assets

Qatar

Government Expenditures (Sub-Components)
Country & Region > Qatar [qa, Region] > Government & Public Finance [gpfi, Category] > Government Finance > Expenditures

Revenue Expenditures (Sub-Components)
Country & Region > Qatar [qa, Region] > Government & Public Finance [gpfi, Category] > Government Finance > Revenues

Malaysia

Credit to the Private non-financial sector
Country & Region > Malaysia [my, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Credit to the Private Non-Financial Sector

Namibia

Depository Corporations Surveys
Source & Release > Namibia [na, Region] > Bank of Namibia > Depository Corporations Survey [rel_nacbdcsurv, Release]

National Accounts (Quarterly)
Source & Release > Namibia [na, Region] > Namibia Statistics Agency > National Accounts (Quarterly) [rel_nasagdp, Release]

Poland

Industrial Production Structure
Country & Region > Poland [pl, Region] > Production [prod, Category] > Industrial Summary > Output > By Industry

EU Transfers
Country & Region > Poland [pl, Region] > Government & Public Finance [gpfi, Category] > Budgets > Central Government Budget > Financial Transfers Between Poland & the EU Budget

Interbank Rates
Country & Region > Poland [pl, Region] > Interest & Exchange Rates [rate, Category] > Interbank Rates > WRR

New Orders
Country & Region > Poland [pl, Region] > Production [prod, Category] > Industrial Summary > New Orders

Slovenia

Foreign Trade by Country
Country & Region > Slovenia [si, Region] > Trade [trad, Category] > Foreign Trade > Commodity & Country

Government & Public Finance
Country & Region > Slovenia [si, Region] > Government & Public Finance [gpfi, Category] > Harmonized General Government Finance

National Accounts; expenditure approach details
Country & Region > Slovenia [si, Region] > National Accounts [naac, Category] > Expenditure Approach > Summary

South Korea

Cost of Funds Index
Country & Region > South Korea [kr, Region] > Funds [fund, Category] > Cost of Funds Index > The Korea Federation of Banks

Spain

Supply Bottlenecks Indexes (SBI)
Source & Release > Spain [es, Region] > Bank of Spain > Supply Bottlenecks Indexes (SBI) [rel_esbancosurv, Release]

Sweden

National Accounts: Household key indicators details
Country & Region > Sweden [se, Region] > National Accounts [naac, Category] > Income Approach > Households Key indicators

Switzerland

KOF Wage Surveys
Country & Region > Switzerland [ch, Region] > Surveys & Leading Indicators [surv, Category] > Business Surveys > KOF Swiss Economic Institute > Business Tendency Surveys > Wage Surveys

Tanzania

Balance of Payments (Quarterly)
Country & Region > Tanzania [tz, Region] > Balance of Payments [bopa, Category] > Financial Account > Direct Investment

Thailand

Production Index, Weights
Country & Region > Thailand [th, Region] > Production [prod, Category] > Manufacturing > Output > Production Index

Capacity Utilization, Weights
Country & Region > Thailand [th, Region] > Production [prod, Category] > Industrial > Capacity Utilization

Inventories, Weights
Country & Region > Thailand [th, Region] > Production [prod, Category] > Manufacturing > Inventory > Finished Product Index

Shipments, Weights
Country & Region > Thailand [th, Region] > Production [prod, Category] > Manufacturing > Shipment

BOI Investment Promotion Summary by Sector
Country & Region > Thailand [th, Region] > Foreign Finance [fofi, Category] > BOI Investment Promotion > Investment Promotion Summary (Quarterly) > Foreign Direct Investment

United Kingdom

Spending on Credit & Debit Cards, SA
Country & Region > United Kingdom [gb, Region] > Money, Banking & Credit [bank, Category] > Debit & Credit Cards Usage > Spending

United States

Chicago Fed Advance Retail Trade Summary (CARTS)
Source & Release > United States [us, Region] > Federal Reserve Bank of Chicago > Chicago Fed Advance Retail Trade Summary (CARTS) [rel_usfbrchcarts, Release]

Community Bank Sentiment Index (CBSI)
Source & Release > United States [us, Region] > Conference of State Bank Supervisors > Community Bank Sentiment Index (CBSI) [rel_uscbsi, Release]

New Tenant Rent Index (added ATRR Index)
Source & Release > United States [us, Region] > U.S. Bureau of Labor Statistics (BLS) > Selected Releases > New Tenant Rent Index [rel_uspricentri, Release]

World

BCEAO
Senegal Financial Account, Direct Investment
Country & Region > Senegal [sn, Region] > Balance of Payments [bopa, Category] > Financial Account > Direct Investment