Economic Index & Consumer Spending - Zeta Global Economic Index (ZEI) expanded 150 basis points to 677%, indicating a healthy economic state [2] - The index analyzes data from 240 million Americans, including research, searches, and credit card transactions [3] - Consumer and private sector spending remains strong despite concerns about government shutdown [4] - Financial services, travel, entertainment, retail, automotive, and tech sectors are simultaneously expanding [4] Housing Market & Credit - The moving index shows a continued lack of mobility or ability to move, indicating a contraction [5] - Credit contraction is also observed, linked to interest rates [6] - Consumers are hesitant to draw down credit due to expensive mortgage costs [6] - Credit line expansion intent is falling, though at a slower rate than the previous month [7][8] - High mortgage rates (6-7%) compared to existing low-cost mortgages (2-3%) discourage moving [9]
Zeta index shows economy is in a very healthy place, says Zeta Global CEO David Steinberg
CNBC Television·2025-11-05 19:50