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Stock impact report

Visa U.S. Spending Momentum Index Remains Robust in May

Visa Inc. (V) 
Last visa inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.visa.com
Company Research Source: Business Wire
Visa’s May SMI reading indicates a healthy U.S. consumer SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today released the May reading of the Visa U.S. Spending Momentum Index (SMI), an economic indicator designed to be a timely gauge of the health of consumer spending. The Visa SMI delivers insight into what drives upturns and downturns in spending by measuring the breadth of the momentum supporting these trends.In May 2021, the Visa SMI remained historically elevated at 123.3, indicating that the U.S. consumer recovery remains on firm ground. Exceptionally low SMI readings this time last year are creating some distortions in the true signal of consumer spending. At its current level, the Visa SMI implies that 59 percent of consumers are now spending more than they did a year ago, while only 41 percent are spending the same or less. Compared to May 2019, which was not affected by the pandemic and lockdowns, 52 percent of consumers are spending more, which is up slightly from the 5 Show less Read more
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