TurnSignals

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If there were any doubts that new business ground to a halt over the summer, July data settled them. Most of the month's billings action was in account consolidations, such as the $400 million AT&T Wireless account that moved to WPP Group's Ogilvy & Mather Worldwide from Interpublic Group of Cos.' Foote, Cone & Belding. New accounts totaled only $202 million, down 77% from July 2000's total.

Billings action in July and year-to-date

see printed publication for chart

Note: Dollars in millions.

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