Printer Friendly

EQUIFAX CHECK SERVICES REPORTS CHECK SPENDING DOWN IN AUGUST

 TAMPA, Fla., Sept. 2 /PRNewswire/ -- Equifax Check Services announced today that consumer spending by personal check is down 4.2 percent in August 1993 compared to August 1992.
 This analysis is an ongoing research effort to create an index of check purchases at more than 7,000 retail outlets throughout the United States.
 The results by region are:
 -- Eight (8) State Northeast Region -- down 7.3 percent
 -- Ten (10) State Midwestern Region -- down 3.4 percent
 -- Ten (10) State Mountain Region -- down 5.4 percent
 -- Five (5) State Western Region -- down 5.7 percent
 -- Seventeen (17) State Southern Region -- down 2.7 percent
 (Individual states available upon request.)
 The results by industry are:
 -- Auto Aftermarket -- up 11 percent
 -- Specialty Retail -- down 10.2 percent
 -- Home Furnishings, Appliances, Electronics -- down 4.2 percent
 -- Apparel and Accessories -- down 3 percent
 -- General Merchandise -- down 3.8 percent
 Florida, which represents the largest gain, up 8.4 percent, is one of the only states that represented a gain. The gain, however, is less than July's increase of 15 percent. California represented a decline of 4.7 percent, a larger decline compared to last month's decline of 3 percent.
 Results for other large sample states include:
 -- Texas -- down 7.6 percent
 -- Illinois -- down 6.1 percent
 -- Ohio -- down 9.4 percent
 -- Georgia -- down 5.7 percent
 These results are similar to the Conference Board's Consumer Confidence Survey results which reflect the overall decline in consumer expectations.
 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 in check authorizations. 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- 9/2/93
 /CONTACT: Tina F. Black, manager, public relations, Corporate Public Affairs of Equifax, 404-885-8124 or, home, 404-233-9134/
 (EFX)


CO: Equifax Check Services; Equifax Inc. ST: Florida IN: FIN SU:

BN-CF -- AT014 -- 8607 09/02/93 17:24 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 2, 1993
Words:369
Previous Article:AIRGAS, INC. ACQUIRES INDUSTRIAL GAS DISTRIBUTOR
Next Article:SAAB TO EXTEND PROMOTIONAL LEASE RATES AND FLEXIBLE FINANCE OPPORTUNITIES THROUGH SEPT. 30
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters