PNC Launches Monthly Consumer Health Check to Deliver Real-Time Pulse on U.S. Spending and the Economy

Core Insights - PNC Financial Services Group has launched the PNC Monthly Consumer Health Check, providing real-time insights into U.S. consumer activity and the economy [1] - The report utilizes PNC's proprietary, anonymized data to offer actionable insights for business leaders, investors, and households [1] Group 1: Report Features - The Monthly Consumer Health Check will be published monthly, focusing on consumer spending trends, transaction volumes, savings, cash flow patterns, and employment trends [1] - It includes commentary from PNC economists on growth, inflation, and risk assets, as well as readouts on household financial posture [1] - The report breaks down spending trends across essential categories (groceries, fuel), discretionary categories (dining, travel), and emerging trends like gambling and AI [1] Group 2: Methodology and Privacy - The report is produced by aggregating and anonymizing internal data sources, ensuring robust privacy safeguards and seasonal adjustments [1] - The index is benchmarked to a neutral base period to facilitate interpretation of month-to-month changes without accessing personally identifiable information [1] Group 3: Company Overview - PNC Financial Services Group is one of the largest diversified financial services institutions in the U.S., offering a range of retail and business banking services, corporate banking, real estate finance, and wealth management [1]