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May 18, 2012 at 08:57 AM
Fueled by increased consumer spending that is improving businesses’ balance sheets, a key measure of business health improved during the first quarter of 2012, according to a new report.
Experian Information Solutions, Inc., Costa Mesa, Calif., and Moody’s Analytics Inc., New York, published this finding in a report that provides insight into the health of U.S. small businesses. The new Experian/Moody’s Analytics Small Business Credit is released quarterly to show fluctuations in the market and explore factors that are impacting the business economy.
The Experian/Moody’s Small Business Credit Index rose in the first quarter of 2012 to 103.2, up from 101.9. Experian says this is the second consecutive quarterly improvement, after the index fell last year.
Overdue balances have fallen 6.5% since last July, the report notes. After rising during the latter part of last year, the 30-day delinquency rate improved “significantly” during the quarter past, falling 0.8% to 1.8%. The 60-day delinquency rate also receded, albeit more slowly than the 30-day rate.
