Small-business credit index reaches highest point on record

Small-business credit conditions strengthened in Q2 2013, lifting the Experian/Moody’s Analytics Small Business Credit Index 2.8 points to 111.7 – the highest level since it began tracking. Consumer spending growth was modest, but steady and consumer confidence is at multiyear highs. This is a reassuring signal that consumer spending is unlikely to backtrack in the near future. Furthermore, credit quality improved for every business size, with the total share of delinquent dollars 2.4 percentage points lower than a year ago and at the lowest point on record.

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Source: Download a copy of the Q2 Experian/Moody’s Analytics Small Business Credit Index report.