Local Commerce: Frequently Asked Questions

The goal of the JPMorgan Chase Institute is to help decision makers appreciate the scale, granularity, diversity, and interconnectedness of the global economic system by using our unique lens to fill in the blind spots left by other data sources. We do this primarily with long form reports, but we also use our Local Commerce lens to provide an ongoing monitoring of economic conditions in 14 US cities. The LC lens, comprised of over 25 billion credit and debit card transactions, is new and unique because it tracks actual consumer purchases across a variety of consumer and merchant groups. To help users acquaint themselves with this freely available resource, we have compiled a list of questions that we commonly hear when discussing our data resource.