January 2022 Earnest Research Spend Index

|
Historical numbers could vary slightly due to methodology updates. Cited accelerations and decelerations could differ slightly due to rounding.

Earnest Research Spend Index (ERSI) growth remained above year-ago levels but decelerated for the second consecutive month in January as online spend growth was negative. Most major subcategories decelerated from December, except for Gaming. Despite double-digit growth, Air Travel, Online Travel Agency, and Lodging & Accommodations all decelerated YoY, likely as Omicron fears put a damper on travel planning. Home Fitness spending fell significantly YoY during this New Year’s Resolution season, displaced by Workout Classes and Gyms growth, suggesting consumers pivoted back to in-person fitness. Casual Dining stood out among the Restaurants category with YoY growth, while QSR and Delivery Aggregators both posted rare sales declines while lapping tough pandemic comps. In contrast, Supermarkets spend grew YoY.

See the Earnest Research Spend Index for December (Note: Historical numbers could vary slightly due to methodology updates.)

Follow us for more insights on the potential impact of COVID-induced changes on spending behavior in the coming months.


*About the Earnest Research Spend Index:

The Earnest Research Spend Index (ERSI) is an alternative data-driven measure of consumer spending that tracks spend across 2,500+ large national brands in major consumer discretionary and staples subcategories. The near real-time data is derived from the credit and debit spend of millions of de-identified U.S. consumers. Advantages of using ERSI include better representation of e-commerce spend, disaggregation by geography, and online versus in-store breakouts.


Interested in seeing our data products in action?
Schedule a demo today.