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SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V) today released the July reading of the U.S. Spending Momentum Index (SMI), which reached 112.5, up 0.8 points from the June reading of 111.7. A reading above 100 suggests consumer spending continues to expand on a year-over-year basis. The Visa SMI is an economic indicator of the health of consumer spending. The SMI provides insight into what drives upturns and downturns in spending by measuring the breadth of the momentum supporting these trends.
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