WAIN Street Business Default Index Shows Business Credit Quality Strongest in Four Years

Business Default Index improves by 0.19% to close 2013 at 6.25% with broad improvements across industry, geography and business size

Longmeadow, MA (I-Newswire) February 14, 2014 - WAIN Street reported Thursday that the Business Default Index posted a 0.19% improvement in December-its third consecutive monthly improvement-to close the year at 6.25%-its best reading in four years. The index is quoted as a seasonally adjusted, annualized default rate. An increase in the index corresponds to deterioration in business credit quality. In December, nearly 5% more businesses improved in credit quality than deteriorated. Businesses of all sizes across industries and geographies improved during 2013.

"2013 ended on a high note with most economic indicators painting a picture of better days ahead. Businesses fared better and that was reflected in their credit performance during the year", said Vidur Dhanda, Publisher, WAIN Street. "A frequent question in 2013 was 'Are we there yet?' and the year ended with another question: Will the job market play spoiler?" continued Dhanda as he struck a cautious note about "weak wage growth and low labor force participation rate being a drag on consumer spending".

Highlights from the Q4 2013 report:
-- LA, SD, AK, and VA businesses lead the nation in credit quality
-- NV, AZ, and IL businesses have the worst credit quality
-- Manufacturing sector businesses have highest default rate
-- "Leisure & hospitality" and "Other services" sector businesses have the highest credit quality
-- Mining sector businesses posted biggest improvement in credit quality

The WAIN Street Business Default Index is computed monthly based on the credit performance of nearly 18 million US businesses that have been tracked by WAIN Street for over 12 months. WAIN Street's newsletter, Taking the Pulse, helps readers peel back the layers and zoom into the nuances and variations in business credit quality.

About WAIN Street

WAIN Street empowers credit markets to better serve middle-market and small business enterprises. By   More.. harnessing data on nearly 30 million US businesses, the WAIN Street Business Credit Health Index™ provides a monthly high-resolution view of the prevailing vitality of businesses nationwide.Less..

Contact Information

WAIN Street
Vidur Dhanda
60 Village Drive
Longmeadow, MA
Phone : 413-303-9765

Published in:


Published On:

February 14, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

Marin County Real Estate Market Snapshot - April 2014
The active listings for Single Family Homes in Marin increased slightly but inventory is so low it is 70% less than at the peak in 2007. Sales are brisk with the number of listings going into contract increasing by 28%.

China Plans to Internationalize Yuan Says Analyst James Sharpe of Schwarz Oliver Thomas
Too big to fail is always a hard argument to get the better of. It comes close to explaining why China struggles so much with the vexed question of opening its capital account and setting the yuan free. - Schwarz Oliver Thomas

Schwarz Oliver Thomas Predicts Hazy Outlook for China
Schwarz Oliver Thomas asserted today that the Chinese economy faces a cloudy outlook, which alerts the market to a divided landscape in the world economy.

Sweden Raises GDP Outlook Predicting Balanced Budget by 2016 - Schwarz Oliver Thomas
Sweden's government raised its economic growth forecast for this year ahead of September elections as the largest Nordic economy is buoyed by a global recovery.

Liberty Stone Financial Welcomes Devon Ho Back as Senior Securities Analyst
HONG KONG -- Liberty Stone Financial, a portfolio management company with roots in Hong Kong dating back to 1972, today announced the return of Devon Ho to the firm as a Senior Securities Analyst.