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Fiserv Retail Card Data for May

CONSUMER STAPLES

Some early May spend colour from BBG that has shared Fiserv card data. Flat yoy total retail sales (up from -1% last month) on +1.3% transaction volume offset by -1.3% fall in avg. purchase value.

  • Apparel was still down yoy but up from last months fall on recovering transaction volumes. Firm volumes drove growth for groceries.
  • Full here; {NSN SEM269DWX2PS <GO>}.

"Fiserv's data are leading indicators of sales, capturing all noncash purchases at retailers that use the largest US processor of credit-card transactions" (includes debt & credit card transactions).


We also keep a eye on BBG's second measure that reports weekly spend data - re. VF no signs of a recovery there.

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