Weekly Spending Update Through Jun 27

Bank of America's latest weekly spending report indicates a 7.0% year-over-year increase in household card spending for the week ending June 27, 2026. The data highlights significant growth in online retail and electronics, partially attributed to Prime Day promotional timing.

Key Takeaways

• 1.Total card spending per household increased 7.0% y/y in the week ending Jun 27.
• 2.Online retail and electronics saw a boost likely driven by Amazon Prime Day promotions.
• 3.Other consumer categories experienced a sharp slowdown potentially due to post-Juneteenth weekend timing shifts.

Table of Contents

• Key takeaways
• Exhibit 1: Total card spending growth per HH remained strong in the week ending Jun 27
• Exhibit 2: Ex-gas spending picked up in the week ending Jun 27, as gas prices continued to decrease
• Exhibit 3: The gap in total card ex-gas spending between higher- and lower-income households has narrowed in recent weeks
• Disclaimer
• Methodology explained
• Important Disclosures
• Other Important Disclosures
• Research Analysts

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