| Press Release Archives
| April 2002 Economic Index
For Immediate Release May 6, 2002
Contact: Cristi Allen
U.S. Economic Index For April Drops Slightly, Indicating Weakness In The U.S.
Canadian Economic Index Also Down Somewhat
Dallas-Fort Worth The Decision Analyst U.S. Economic Index for April,
based on a nationwide Internet survey conducted the last 10 days of the month,
indicates that U.S. economic activity slowed slightly in April, to 111. This is
a slight drop from the Indexs March number of 115, which was the highest
the Index had been since December 2000. The Indexs slow, steady increase
throughout 2002s first quarter and then a pullback in April is consistent
with recent reports that the U.S. economys recovery has so far been weak.
Recent volatility in the stock market appears to be a major driver behind the
April drop. Consumers also reported decreased business activity at their
workplaces and a sharp drop in plans to buy high-ticket products within the
next six months.
"Consumers seem to have returned to something of a wait-and-see attitude
regarding the stock market and their plans to make major purchases," said
Jerry W. Thomas, CEO and President of Decision Analyst. "They dont
seem to be concerned about losing their jobs so much as they are noticing that
the stock market isnt doing well and that unemployment is rising. These
factors are negatively affecting their future plans to buy big-ticket
The Decision Analyst Economic Index for Canada dropped as well, with
Aprils number of 107 marginally smaller than the Index of 109 that held
for the Canadian economy in February and March. Canadian consumers reported
less corporate hiring and business activities, while all other aspects of the
Canadian Index held relatively steady.
The Decision Analyst Economic Index is based on a monthly Internet survey of
several thousand households balanced by gender, age, and geography. The survey
is conducted over the Internet during the last 10 days of each month, and the
index is immediately calculated from nine different economic measurements,
using a sophisticated econometric model. The result is a snapshot of current
U.S. economic activity, as seen through the eyes of representative consumers.
Decision Analyst also conducts similar economic research in Canada, the U.K.,
Germany, France, Italy, and Australia.
Whenever the Decision Analyst Economic Index is greater than 110, it tends to
signal an expanding economy. An index of 100 to 110 suggests a stagnant
economy, and an index below 100 generally indicates economic contraction. These
guidelines vary by country, however.
For additional information contact:
Phone: 1.800.ANALYSIS (262.5974)
Address: 604 Avenue H East
Arlington, TX 76011
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