Zeta Economic Index (ZEI) Indicates Divergent US Economic Outlook
August 06 2024 - 5:40AM
Business Wire
Zeta Global’s AI-powered barometer of the US economy rolls out
three new economic scores and more granular intent data across
industries to provide a more precise view of consumer behavior
Zeta Global (NYSE: ZETA), the AI-Powered Marketing Cloud, today
released the Zeta Economic Index (ZEI) for July 2024. The ZEI is
one of the first AI-powered economic indexes, utilizing Zeta's
proprietary Generative AI technology and real-time consumer
behavior from over 240 million deterministic US profiles to provide
an assessment of the current state of the economy.
For the month of July, the Economic Index Score and Economic
Stability Index both show a marginal uptick, indicating a
continued, if muted, expansion of the US economy, despite a
slowdown in the growing job market.
- Economic Index Score: Increased by 0.3% from June to
67.1 and is defined as Active, which is characterized by robust
economic activity with healthy growth across various sectors. This
is a 1.2% year-over-year increase from July 2023.
- Economic Stability Index: Increased by 0.3% from the
previous quarter to 66.1 and is defined as Stable.
"The steady increase in the core components of the ZEI, which
utilizes a multifaceted, real-time approach combining consumer
intent data and Generative AI, indicates that the economy is still
growing, albeit at a slower pace," said David A. Steinberg,
Co-Founder, Chairman, and CEO of Zeta Global. "The ZEI shows a
divergent economic outlook: consumer activity and spending patterns
are trending positively across various industries, however, a
slight decline in job market sentiment and a slowdown in particular
sectors suggests that further economic expansion will be
uneven."
The ZEI utilizes generative AI to analyze trillions of
behavioral signals providing comprehensive scores that reflect
economic sentiment, trends, and dynamics. Unlike surveys, this
index utilizes over 20 proprietary inputs that recalibrate each
month based on actual behavior, enhancing the understanding of a
key driver of economic growth – consumer activity.
New ZEI Features: Key Economic Indicators and
Industry-Specific Consumer Insights
This month, the ZEI is introducing several new scores to offer a
deeper understanding of how consumer behavior affects various
aspects of the US economy and specific industry sectors. The new
additions include gauges for Retail Sales Activity, Automotive
Purchase Intent, and Retail Visitation Index.
Furthermore, the analysis of U.S. Consumer Interest and Intent
across key industries-Automotive, Dining, Entertainment, Financial
Services, Healthcare, Retail, Technology, and Travel-present a
month-over-month comparison of interest levels. This detailed
analysis helps identify areas of strength and opportunity within
the economy.
The Zeta Economic Index is publicly available here and is
provided as a complimentary service. It should not be considered
investment advice or be relied upon to make investment
decisions.
For more details on the Zeta Economic Index and Zeta Global,
please go to www.zetaglobal.com.
About Zeta Global
Zeta Global (NYSE: ZETA) is the AI-Powered Marketing Cloud that
leverages advanced artificial intelligence (AI) and trillions of
consumer signals to make it easier for marketers to acquire, grow,
and retain customers more efficiently. Through the Zeta Marketing
Platform (ZMP), our vision is to make sophisticated marketing
simple by unifying identity, intelligence, and omnichannel
activation into a single platform – powered by one of the
industry’s largest proprietary databases and AI. Our enterprise
customers across multiple verticals are empowered to personalize
experiences with consumers at an individual level across every
channel, delivering better results for marketing programs. Zeta was
founded in 2007 by David A. Steinberg and John Sculley and is
headquartered in New York City with offices around the world. To
learn more, go to www.zetaglobal.com.
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Investor Relations Scott Schmitz ir@zetaglobal.com Press James
A. Pearson press@zetaglobal.com
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