Overall U.S. business health advanced by 4.6% year-over-year
Small business indicators show slow and steady improvement in balance
sheet health; tepid acceleration in business investment spending remains
a concern
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 August 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. The report revealed that
the U.S. added an estimated 235,000 new non-farm jobs in July, with
Business Services emerging as the sector with the healthiest small
businesses.
“Structural unevenness that was caused by the recession remains the most
important hurdle in the path of growth,” said Paul Ballew, Chief Data &
Analytics Officer, Dun & Bradstreet. “We are seeing some sectors of the
U.S. economy surge in a way that is leading to gains on the employment
front. This over performance in a handful of industries explains one of
the riddles around why payroll employment has performed much better than
expectations given the tepid pace of economic growth. The persistent
unevenness of growth continues to necessitate precision and foresight in
business planning activities.”
Ballew will host an
interactive media briefing to provide further insights on Dun &
Bradstreet's monthly economic perspective in more detail at 11:30 AM EDT
today.You may register for the briefing here.
Unable to join the media briefing at this time? Watch
Ballew share his perspective on the state of the U.S. economy.
July 2014 Highlights
Small Business Health Index
D&B’s Small Business Health Index fell about one point this month. All
industry sectors contributed to the drop, however, there remains
tremendous unevenness in growth among sectors in the small business
community [largely defined by sectors].
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U.S. Jobs Health
D&B estimates that 235,000 new non-farm jobs were added to U.S. payrolls
in July 2014. The Business Services sector remains the strongest
contributor to employment growth with Trade, Transportation and
Utilities adding a considerable number of jobs.
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U.S. Business Health Index
U.S. business health advanced 4.6 percent year-over-year in July 2014,
driven by lower risk of future business failure and total loss, as well
as continued improvement in on-time bill payments.
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View the D&B U.S. Economic Health Tracker Infographic at www.dnb.com/tracker.
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.
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.
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Contacts:
Dun & Bradstreet
Media:
Michele Caselnova,
973-921-5196
caselnovam@dnb.com
or
Investors:
Kathy
Guinnessey, 973-921-5892
Kathy.Guinnessey@dnb.com
Source: D&B
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