Zeta Economic Index (ZEI) Indicates US Economy Continues Steady Expansion
NEW YORK--Zeta Global (NYSE: ZETA), the AI-Powered Marketing Cloud, today released the Zeta Economic Index (ZEI) for September 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 Zeta Economic Index shows that consumers and businesses are adapting to a new economic normal”
The ZEI’s primary measure of US economic health, the Economic Index Score registered 69.1 points which represents a modest month-over-month (MoM) increase of 1.0% over the August value. The consistent upward trajectory in 2024 reflects stabilizing consumer confidence, increased business activity, and an improvement in the job market sentiment, leading to stable growth. The recent decision by the Federal Reserve to cut interest rates is expected to accelerate these trends.
"The Zeta Economic Index shows that consumers and businesses are adapting to a new economic normal,” said David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global. “The data shows modest but steady growth over the past month, illustrating that some of the prior uncertainty is shifting toward optimism with a renewed propensity for spending. While the economy is showing modest momentum rather than firing on all cylinders, the ZEI predicts that businesses can expect a more robust holiday shopping season in line with an expanding economy.”
Additional highlights from the ZEI:
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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