Visa Spending Momentum Index

Visa’s Spending Momentum Index (SMI) is a tool developed by Visa to track and monitor consumer spending trends using depersonalized transaction data from millions of Visa-branded credit and debit cards. It provides a timely and customizable view of spending behavior, helping to identify the momentum of economic cycles, such as upturns and downturns.

The SMI serves as an early indicator of changes in consumer spending, incomes, and employment, offering valuable insights for businesses to inform strategies and manage risks.

Source: Visa