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EQUIFAX CHECK SERVICES ANNOUNCES PERSONAL CHECK SPENDING DOWN IN OCTOBER

 TAMPA, Fla., Nov. 4 /PRNewswire/ -- Equifax Check Services announced today that consumer spending by personal check was down 3 percent in October 1993 compared to October 1992.
 This analysis is an ongoing research effort to create an index of check purchases at more than 6,500 outlets consisting of many of the nation's largest retail chains.
 The analysis includes results by type of business in addition to totals by state.
 The results by region are:
 -- Eight (8) State Northeast Region -- down 6.0 percent
 -- Ten (10) State Midwestern Region -- down 2.7 percent
 -- Ten (10) State Mountain Region -- up 2.4 percent
 -- Five (5) State Western Region -- down .5 percent
 -- Seventeen (17) State Southern Region -- down 4.5 percent
 Results for large sample states include:
 California -- up .1 percent
 Florida -- down 14.2 percent
 Georgia -- down 2.0 percent
 Illinois -- down 11.8 percent
 Ohio -- down 2.9 percent
 Texas -- down .9 percent
 (Other states available upon request.)
 The results by industry are:
 -- Auto After-market -- up 13.0 percent
 -- Specialty Retail -- down 12.7 percent
 -- Home Furnishings, Appliances, Electronics -- down 2.3 percent
 -- Apparel and Accessories -- up 1.7 percent
 -- General Merchandise -- down 7.3 percent
 For the second straight month, jewelry stores, which account for a significant portion of the specialty retail category, are largely responsible for the decline of 12.7 percent. General merchandise, which is composed mainly of department stores, experienced a decline of 7.3 percent. Apparel/accessories and the auto after-market both showed increases in check sales. Consumers seem to be spending on necessary items and may be delaying larger luxury purchases for the holiday season.
 Equifax Check Services, a division of Equifax Financial 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 checks totaling 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 ended Dec. 31, 1992, were more than $1.1 billion.
 -0- 11/4/93
 /CONTACT: Tina F. Black, public relations manager, Equifax, 404-885-8124 or, home, 404-233-9134/
 (EFX)


CO: Equifax Check Services ST: Florida IN: FIN REA SU:

BN-BR -- AT013 -- 0898 11/04/93 15:56 EST
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1993
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