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Absorption Fragility Index

Composite Study | Emerging | As of 2026-05-22 | Freshness 54d

Absorption Fragility Index is 'emerging' with a score of 35.5. Child studies are contributing as follows: Household Absorption 64.5, Credit Fragility 35.5.

35.51 Score
54 day(s) Freshness
2026-05-22 As Of

Component Scores

Component Score
Household Absorption 64.51
Credit Fragility 35.51

Current Drivers

Driver Component Score Raw Transformed
Consumer sentiment Income strain 72.99 49.80 -53.34
Household debt service ratio Debt-service pressure 70.74 11.32 11.32
Real personal consumption expenditures Spending strain 62.55 16772.70 -1.98
Real disposable personal income Income strain 59.37 18108.70 0.13
Real retail sales Spending strain 52.48 227758.00 -1.05
Adjusted National Financial Conditions Index Financing tightness 42.85 -0.48 -0.48
High-yield option-adjusted spread Market stress 33.28 2.78 2.78
Delinquency rate on credit-card loans Consumer credit strain 32.92 2.92 2.92

Metrics

Metric Value
Score 35.51
Overlay Score N/A
Freshness Days 54

Charts

Composite score history

Composite score history

Composite history is built only from child-study score histories and fixed weights.

Current component waterfall

Current component waterfall

The waterfall shows each child study's weighted contribution to the latest composite score.

Notes

  • Higher scores mean households and credit markets are absorbing less of the shock and transmitting more of it forward.

Commentary

The Absorption Fragility Index is emerging, indicating rising household absorption pressures but still below formal stress thresholds.

  • Debt‑service pressure remains the strongest driver (score 70.7), reflecting tightening repayment burdens.
  • Consumer sentiment (UMCSENT) contributes a high‑impact 32.8 points, with income‑strain scores above 70.
  • Financing tightness in the Credit Fragility component is elevated (score 42.9), pushing market‑stress spreads higher.

Caveat: The composite relies on a narrow set of drivers and a fallback constant macro‑stress probability, so the signal should be treated as indicative rather than definitive.