Visa u.s. spending momentum index closed 2021 on a strong note

San francisco--(business wire)--visa (nyse: v) today announced that the u.s. spending momentum index (smi) was 108.4 in december (seasonally adjusted), its strongest reading for the month since the start of the index. for the last three months of the year, the smi was 110.3, also a high for the fourth quarter of the year. the visa smi is an economic indicator of the health of consumer spending. when the visa smi rises above 100, the consumer spending momentum is strengthening and when it falls
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