Dun
& Bradstreet (NYSE:DNB), the world’s leading source of
commercial information and insight on businesses, today released the
October 2014 U.S. Economic Health Tracker which provides a monthly,
multi-dimensional perspective on the U.S. economy, including small
business health, total job growth, and overall U.S. business health.
According to D&B’s proprietary data, the small businesses segment
continues to decline as segments expected to ignite growth – such as
housing – flounder as first-time homeowners remain absent and rental
vacancies hit an all-time low.
“While overall business health across the country remains virtually
unchanged, small businesses continue to experience inconsistent growth
patterns,” said Paul Ballew, Chief Data & Analytics Officer, Dun &
Bradstreet. “The automotive industry, however, following last month’s
growth trajectory, posted a promising boost of 1.6 percent. Yet despite
this rebound, the construction and real estate markets, which account
for 14 percent of the overall small business market, remain trapped in a
period of consistent deflation, putting pressure on the segment as a
whole.”
Improvements in payroll employment continue with an estimated 208,000
new non-farm jobs added in September. Indicators point to the emergence
of new verticals expected to lead employment recovery in the long term.
Access to credit continues to improve evidenced by a 3.8 percent uptick
in credit card usage, as payment delinquencies take a 9.3 percent dip.
October 2014 Highlights
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Small Business Health Index
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Latest reporting period shows a four-tenths of a point decline as
business sectors, like housing, previously expected to buoy small
business growth, throughout the year continue to underperform.
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U.S. Jobs Health
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An estimated 208,000 new non-farm jobs were added to U.S. payrolls
in September 2014, with notable gains in business services,
manufacturing, trade transportation and utilities.
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U.S. Business Health
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U.S. business health remained virtually unchanged in September 2014.
Overall, U.S. businesses maintain on-time bill payments and exhibit
lower risk of failure over the next 12 months.
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Media Resources
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Watch
Ballew share his perspective on the state of the U.S. economy in a
short video.
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To download the October U.S. Economic Health Tracker Infographic,
visit www.dnb.com/tracker.
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Access the 2014 planned publishing schedule, FAQs, and archived
reports at www.dnb.com/tracker.
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Follow D&B Economic Insight daily on Twitter at @DnBEconomy.
About D&B’s U.S. Economic Health Tracker
This forward-looking perspective on the U.S. economy offers insights and
monthly data using three macro indicators: (i) the D&B Small Business
Health Index, (ii) the D&B U.S. Jobs Health Indicator; and (iii) the D&B
U.S. Business Health Index. The index also leverages three D&B advanced
analytic products (D&B’s Viability Score™, D&B Delinquency Predictor™,
and D&B Total Loss Predictor™). D&B publishes its monthly U.S. Economic
Health Tracker on the first Tuesday morning of most months and reporting
periods reflect the most recent and complete month.
About Dun & Bradstreet® (D&B)
The Dun & Bradstreet Corporation is the world's leading source of
commercial data, analytics and insight on businesses. Our global
commercial database contains more than 235 million business records. We
transform commercial data into valuable insight which is the foundation
of our global solutions that customers rely on to make critical business
decisions.
D&B provides solution sets that meet a diverse set of customer needs
globally. Customers use D&B Risk Management Solutions™ to mitigate
credit and supplier risk, increase cash flow and drive increased
profitability, and D&B Sales & Marketing Solutions™ to provide data
management capabilities that provide effective and cost efficient
marketing solutions to increase revenue from new and existing customers.
For more information, please visit www.dnb.com
or follow @DnBUS.
Copyright Business Wire 2014