With conflicting performance of leading indicators, D&B is downgrading the 2015 real GDP forecast to 2.9% annual growth while still projecting robust monthly labor growth
Dun & Bradstreet (NYSE:DNB) 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.”
Toview 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.To see and share this chart, click here |
| 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.To see and share this chart, click here |
| U.S. Business Health | Overall U.S. business health strengthened by 5% year-over-year in August 2014. To see and share this chart, click here |
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.
