Visa Commercial Consumption Expenditure Forecast
Visa Commercial has released the global Commercial Consumption Expenditure (CCE) forecast for 2006 that shows steady growth in business and government spending worldwide. Using the CCE index, Visa Commercial predicts global CCE in 2006 will be US $64.8 trillion, which represents a 6.6 percent increase over 2005 estimates of US $60.8 trillion.
The CCE index provides the global payment industry, including Visa and its 21,000 member financial institutions, an unbiased and consistent way to monitor global business expenditures. The Visa CCE index includes all commercial spending with the exception of payroll and other select expenditures."As the only standardized global metric to track and forecast global commercial spending, Visa Commercial's CCE index captures the pulse of business and government spending and measures the continued transition to electronic payment systems, including the full spectrum of Visa products and services," said Aliza Knox, senior vice president, Visa Commercial, Visa International.
"The global CCE index provides a reliable benchmark of global business expenditures which allows us to gauge the traction of various payment types with corporate and government entities and helps to identify new growth opportunities for our members."
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