Zeta Economic Index (ZEI) Highlights Strong Momentum Heading into the Critical Holiday Season
December 03 2024 - 8:30AM
Business Wire
Zeta Global (NYSE:ZETA), the AI-Powered Marketing Cloud, today
released the Zeta Economic Index (ZEI) for November 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 US consumers to reflect the current
state and trajectory of the US economy.
The ZEI’s primary measure of US economic health, the Economic
Index Score (EIS) for November rose to 70.9 points, marking a 2.4
point month-over-month increase. This is the first time the EIS has
reached above 70 since April 2021, signaling positive momentum for
the economy as the holiday season commences.
In November 2024, the US economy experienced significant events
that influenced consumer and market activities such as the
conclusion of the US presidential election and the lowering of the
federal funds rate by 25 basis points. These have made consumer
confidence more robust, reflected in rising interest in the retail,
travel, and automotive sectors.
“The Zeta Economic Index provides a distinctive lens on the
economy, leveraging real-time signals from actual consumer behavior
powered by Zeta’s proprietary data cloud," said David A. Steinberg,
Co-Founder, Chairman, and CEO of Zeta Global. "As the election
concludes and the holiday shopping season drives an economy on the
rise, the start of 2025 will bring new challenges and
opportunities. The ZEI serves as a critical barometer, delivering
real-time insights into shifting consumer sentiment and behavior to
help decision makers plan for the coming year."
Additional highlights from the ZEI:
- Increased Consumer Attention Towards Relocation: Online
searches for moving services and real estate saw a significant
uptick of 34.7% month-over-month. This sharp spike of individuals
seeking to move to other states or even outside of the United
States could indicate a specific sentiment of unrest due to
potential tariff increases and higher cost of living.
- The Job Market Stabilizes: Job Market Sentiment rose by
13.9% month-over-month, underscoring a steady perception of the
labor landscape. Notably, unemployment applications saw the
smallest increase in seven months, reaching a seasonally adjusted
level of 213,000.
- Holiday Season Brings Revived Retail Engagement: Retail
activity grew in November by 4.7 points, with Retail Sales Activity
increasing 7.2% month-over-month. These gains align with early
holiday shopping and widespread promotional campaigns during Black
Friday. The travel sector also experienced a boost with consumer
interest rising by 5.5 points month-over-month due to
record-breaking Thanksgiving travel traffic.
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.
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.
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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version on businesswire.com: https://www.businesswire.com/news/home/20241203330803/en/
Investor Relations Madison Serras ir@zetaglobal.com
Press Candace Dean press@zetaglobal.com
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