Amid conflicting indicators, D&B downgrading real GDP forecast to 2.9%
September 02, 2014 – SHORT HILLS, N.J.–(BUSINESS WIRE)–Dun & Bradstreet (NYSE:DNB), the world’s leading source of commercial information and insight on businesses, today released the September 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. Despite downgrading the 2015 economic outlook, D&B’s proprietary data continues to confirm the ongoing financial improvement of the private sector in the U.S.
“As employment and financial balance sheet health both moderately improve, we remain cautiously optimistic that growth will gradually accelerate,” said Paul Ballew, Chief Data & Analytics Officer, Dun & Bradstreet. “While our leading economic index points to continuing sluggishness and hesitant investment in the near term, it’s important to not lose sight of improvements that are paving the way for faster growth in 2015 than in 2014.”
Ballew will host an interactive media briefing at 11:30 AM EDT today to provide further insights on D&B’s monthly economic perspective. You may register for the briefing webinar here. Unable to join the media briefing at this time? Watch Ballew share his perspective on the state of the U.S. economy in a short video.
September 2014 Highlights
View the D& B U.S. Economic Health Tracker Infographic at www.dnb.com/tracker.
Small Business Health Index – Sharp increases in on-time bill payments helped boost the small business sector during the reporting period.
U.S. Jobs Health – An estimated 247,000 new non-farm jobs were added to U.S. payrolls in August 2014, with strong gains in business services and manufacturing.
U.S. Business Health Overall – U.S. business health strengthened by 5% year-over-year in August 2014.
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.
Other information, including the 2014 planned publishing schedule, FAQs, and archived reports can be accessed at www.dnb.com/tracker. Follow D&B Economic Insight daily on Twitter at @DnBEconomy.
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.
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