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CONSUMER SPENDING BY CHECK INCREASED MARKEDLY DURING 1992 HOLIDAYS

 TAMPA, Fla., Dec. 25 /PRNewswire/ -- Throughout the country, consumers spent 14.4 percent more via check during the seven days before Christmas of 1992 than during the same period in 1991.
 The peak check-writing day was Saturday, Dec. 19, 1992 at 6.9 percent over the same day in 1991. Increased consumer confidence and Christmas day falling at the end of the week are contributing factors.
 This data reflects comparable store check sales from more than 25 of the nation's largest retail chains served by Telecredit/Equifax Check Services.
 Following are the results by region:
 -- Eight-state Northeastern region was up 15.4 percent over the same
 seven-day period in 1991;
 -- Ten-state Midwestern region was up 14 percent over the same
 seven-day period in 1991;
 -- Ten-state Mountain region was up 9.3 percent over the same
 seven-day period in 1991;
 -- Five-state Western region was up 8.6 percent over the same
 seven-day period in 1991;
 -- Seventeen-state Southern region was up 17.8 percent over the same
 seven-day period in 1991.
 Florida reflected the largest percentage increase in purchases by check growing by more than 29 percent. California showed the smallest gain at 6.8 percent.
 Telecredit/Equifax Check Services, a division of Equifax Inc., is the largest check authorization company in the United States providing services to 100,000 retail points of sale. In 1991, Telecredit/Equifax Check Services authorized checks totaling $10.4 billion. Revenues for 1991 were $117 million.
 -0- 12/25/92
 /CONTACT: Tina F. Black, public relations manager-Corporate Public Affairs of Equifax, 404-885-8124, or, home, 404-892-5279/
 (EQX)


CO: Telecredit/Equifax Check Services ST: Florida IN: SU:

BR-RA -- ATF001 -- 9912 12/25/92 11:30 EST
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Publication:PR Newswire
Date:Dec 24, 1992
Words:278
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