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For Immediate Release August 8, 2002
Contact: Cristi Allen
callen@decisionanalyst.com
Phone: 817-640-6166
U.S. Economy Weakened In July
Dallas-Fort Worth—The U.S. economy weakened in July, according to the
Decision Analyst U.S. Economic Index. Based on a nationwide Internet survey
conducted the last 10 days of the month, the Economic Index dropped in July to
108 from June’s 111.
The uptick in consumer reports of increased business activity at their
workplaces seen in June’s Economic Index was completely erased in July, as
consumers reported a drop in business activities at their workplaces. Also,
consumer perceptions of future stock market prices continued to trend downward.
More troubling, the Index indicates that consumers are beginning to see higher
prices, and this might be reducing planned purchases. Consumer plans to buy
high-ticket products within the next six months were flat.
"Consumers don’t seem to be worried about their jobs, but they do see
business activity slowing down," said Jerry W. Thomas, CEO and President
of Decision Analyst. "Also, consumers’ concerns about rising prices
send a bad signal about possible inflation in the U.S. economy."
Methodology
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.
If you would like to be the first to receive the Decision Analyst Economic
Index each month, please contact Cristi Allen by
email to get on the advanced-release list.
For additional information contact:
Cristi Allen
Publicity
Email: callen@decisionanalyst.com
Phone: 1.800.ANALYSIS (262.5974)
Address: 604 Avenue H East
Arlington, TX 76011
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