US Industrials—Card Insights: Credit Card Insights into US Multi-Industry—July ‘26 Week 2

Research evidence excerpt

US Industrials—Card Insights: Credit Card Insights into US Multi-Industry—July ‘26 Week 2

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22 Jul 2026 04:00:00 ET │ 13 pages

US Industrials—Card Insights

Credit Card Insights into US Multi-Industry – July ’26 Week 2

CITI'S TAKE

Andrew Kaplowitz AC

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

2; ended 7/18) for potential read-throughs. In the “Auto Bucket”, data across andrew.kaplowitz@citi.com

all three subcategories remain mixed and we continue to monitor if a clear

trend appears. In the “Consumer Bucket”, while all subcategories improved Vladimir Bystricky

sequentially (on a y/y basis), Car Washes remained the only +ve subcategory +1-212-816-6595

this week and we remain encouraged by its +7.0% performance YTD vladimir.bystricky@citi.com

(potentially +ve DOV/VNT). In the “HVAC Bucket”, trends continued to

moderate following a significant +ve inflection in June ’26 Week 5. Jose Sulca Flores

jose.alonso.sulcaflores@citi.com

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 July '26 Week 2 (ended 7/18) vs. July '26

Week 1 (ended 7/11)— We saw the largest acceleration in 1) Welding Repair (+19.2%

w/w) 2) Car Washes (+4.1% w/w) 3) Office, School Supply and Stationery Stores

(+3.4% w/w) and largest deceleration in 1) Motor Vehicle Supplies and New Parts (-