JCB Co., Ltd. (Headquarters: Minato Ward, Tokyo; President and Chief Executive Officer: Ichiro Hamakawa; JCB) and Nowcast, Inc. (Headquarters: Chiyoda Ward, Tokyo; President and Representative Director: Ryota Hayashi; Nowcast) have recently released six types of consumption indexes on "JCB Consumption NOW", a co-developed consumption statistics service that uses big data from credit card user information and payment details.
The six types of indexes consist of one index representing consumer spending and five individual industry indexes, including food services, pharmacies and drugstores, family restaurants, petrol stations, and e-commerce industry. Each index may be viewed in monthly or bimonthly units (1st half of the month from its 1st day up to the 15th, 2nd half of the month from the 16th up to the last day) .Subscription to the service is necessary for viewing on the service website （http://www.jcbconsumptionnow.com/en）.
【JCB Consumption NOW (Composite Index)】
The confirmed figures for the composite index (entire month) in March 2017 was 114.9, claiming the second highest figure since April 2015. Based on the preliminary figures of April 15th, 2017, the composite index has grown by 8.2% since last year when viewed from a three-month moving average basis, indicating the steady growth in consumption activities.
JCB Consumption NOW has been corroborated to have high levels of correlation with existing consumption statistics such as the current survey of commerce provided by METI. The service is anticipated to be used by a variety of professionals, such as security analysts conducting research on retailing and manufacturers conducting market researches. The service intends to expand and update its available industries pool and frequency of index releases according to its users' feedback.
【About JCB Consumption NOW】
Co-developed and powered by companies JCB and Nowcast, Japan's only international payment brand and the Japanese forerunner in big data analytics, "JCB Consumption Now" is the cutting-edge index for tracking today's consumption activities.Our indexes are developed using information from actual credit card settlements, allowing consumption trends to be traced like never before - by both industry and by forms of sales.Our data is distributed in only 15 business days after collection, phenomenally improving the responsiveness of consumption indexes, compared to other survey-based statistics.