Visa’s Retail Spending Monitor measures estimated historical performance of certain segments of the U.S. economy across payment types.Retail sales (sales by establishments engaged in retailing merchandise) in the context of Retail Spending Monitor is a set of industry segmentsdefined by the U.S. Department of Commerce. The Retail Spending Monitor analyzes data in a manner consistent with this definition forindustry segments that are not auto related. The Retail Spending Monitor is based on a sample of aggregated, depersonalized Visa transactiondata analyzed utilizing a proprietary economic and statistical model and is not reflective of Visa operational and/or financial performance. TheRetail Spending Monitor is provided on an “as is” basis without any warranties of any kind, express or implied, including, without limitation, asto the accuracy of the data or the implied warranties of merchantability, fitness for a particular purpose, and/or non-infringement. The RetailSpending Monitor is intended for informational purposes only and should not be relied upon for marketing, legal, technical, tax, financial orother advice. Visa is not responsible for your use of the information contained herein, including errors of any kind, or any assumptions orconclusions you might draw from its use. Each Retail Spending Monitor report is as of the publication date, and Visa has no obligation toupdate the data contained therein.
The Visa Spending Index (VSI) highlights spending on all forms of payment (Visa cards and others), including spending by category andchannel. The VSI uses depersonalized, high-frequency Visa data, coupled with an econometric model, to "nowcast" total personal consumptionexpenditures on a more timely basis than other data sources.
This newsletter contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Thesestatements are generally identified by words such as “outlook,” “forecast,” “projected,” “could,” “expects,” “will” and other similar expressions.Examples of such forward-looking statements include, but are not limited to, statements we make about Visa’s business, economic outlooks,population expansion and analyses. All statements other than statements of historical fact could be forward-looking statements, which speakonly as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors,many of which are beyond our control and are difficult to predict.