US Industrials—Card Insights: Credit Card Insights into US Multi-Industry—June ’26 Week 4

Research evidence excerpt

US Industrials—Card Insights: Credit Card Insights into US Multi-Industry—June ’26 Week 4

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01 Jul 2026 04:00:00 ET │ 13 pages

US Industrials—Card Insights

Credit Card Insights into US Multi-Industry – June ’26 Week 4

CITI'S TAKE

Andrew Kaplowitz AC

We continue to examine a subset of Citi US Credit Card data (June ’26 Week +1-212-816-0642

4; ended 6/27) for potential read-throughs. In the “HVAC Bucket”, while andrew.kaplowitz@citi.com

we’ve noticed a deceleration trend the past two weeks, we do call out that

an expected heat-wave in the current week (Heat dome expected to set Vladimir Bystricky

>100 record highs through 7/4) could reverse this trend, and we’ll continue +1-212-816-6595

to monitor data trends (potentially a read-through for TT/CARR/CSW). vladimir.bystricky@citi.com

Interestingly, in the “Consumer Bucket”, data trends reversed: Car Washes,

which has been the strongest subcategory YTD, declined (-10.8% y/y) while Jose Sulca Flores

Stationery, Office Supplies, Printing and Writing Paper has shown an jose.alonso.sulcaflores@citi.com

upward trend the last three weeks (+8.8% y/y), and we’ll continue to

monitor data trends (potentially a read-through for MMM).

General Description — Card Insights represent a selected subset of Citi’s credit card

transactions and are not representative of Citi’s overall credit cardholder population.

The data is highly aggregated, anonymized and should be considered in the context

of other economic indicators and publicly available information. All cards included

within Card Insights comprise a panel of more than 10 million US cardholders.

Card Insights Disclaimer and Methodology

Week-over-Week Subsector highlights in June '26 Week 4 (ended 6/27) vs. June