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EQUIFAX ANNOUNCES THAT CONSUMER SPENDING BY PERSONAL CHECK REMAINED FLAT IN JUNE

 TAMPA, Fla., July 6 /PRNewswire/ -- Equifax Check Services/Telecredit today announced that consumer spending by personal check in June 1993, compared to June 1992, remained basically flat, up a modest .4 percent.
 June's results were a slight improvement over May 1993 which experienced a .01 percent increase. This analysis is an ongoing research effort to create an index of check purchases at more than 100 of the nation's largest retail chains.
 The results by Region Are:
 -- Eight (8) State Northeast Region -- up .6 percent
 -- Ten (10) State Midwestern Region -- up 1.5 percent
 -- Ten (10) State Mountain Region -- down 1.6 percent
 -- Five (5) State Western Region -- down 3.4 percent
 -- Seventeen (17) State Southern Region -- up 2.2 percent
 (Note: Numbers are available by individual state upon request.)
 Florida reflected an increase of 10.3 percent compared to last month's increase of 11.2 percent. Florida consumers continue to replace items lost in last year's Hurricane Andrew. Other large sample states with increases were:
 Georgia -- up 2.3 percent
 Illinois -- up 3.2 percent
 Michigan -- up 12.1 percent
 California showed a decline of 3 percent for June; however, this is an improvement over the May (down 7.2 percent) and April (down 11.8 percent) results. Texas, another large sample state, experienced a decline of 5.4 percent.
 The Consumer Confidence Index, compiled by The Conference Board, declined again in June. The current Index reading is at an eight month low. Buying plans are weaker across the country as consumers are less positive about prevailing business conditions. Yet, consumer spending by check was up slightly.
 Equifax Check Services, a division of Equifax Financial Information Services, is the largest check authorization company in the United States providing services to more than 100,000 retail points of sale. In 1992, Equifax Check Services authorized more than $11 billion. Equifax Inc. (NYSE: EFX), employing more than 12,000 people throughout North America and the United Kingdom, is the leading provider of information and services for consumer financial transactions. Revenues for the year ending Dec. 31, 1992, were more than $1.1 billion.
 -0- 7/6/93
 /CONTACT: Tina F. Black, public relations manager, Corporate Public Affairs of Equifax, 404-885-8124, or, home, 404-233-9134/
 (EFX)


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

RA-MM -- AT008 -- 8771 07/06/93 16:27 EDT
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Publication:PR Newswire
Date:Jul 6, 1993
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