Small Business Credit Index reaches new heights in Q4 2014
Q4 Report Findings
The Experian/Moody’s Analytics Small Business Credit Index (SBCI) added 1.5
points to reach 116.7 from a revised 115.2 in the third quarter (previously 114.8).
The index measures credit conditions for firms with fewer than 100 workers, and last
quarter’s move puts it at an all-time high. This is the third consecutive quarterly
gain for the index amid swiftly improving small-business credit conditions.
Credit balances and the number of trades each expanded in the fourth quarter, contributing
to the rise in the SBCI. This was accompanied by a decline in the delinquency rate
to a cyclical low of 8.5 percent. Additionally, job growth continued at a brisk clip
last quarter, further supporting the top-line index value.
Read the full report to learn about the current conditions and predictions
for future quarters.
About the Report
Experian joined forces with Moody’s Analytics, a leading independent provider
of economic forecasting, to create a business index and detailed report that provides
insight into the health of U.S. businesses. The Experian/Moody’s Analytics Small
Business Credit Index is reported quarterly to show fluctuations in the market and
discuss factors that are impacting the business economy.
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