March 2017 Report
Dun & Bradstreet's U.S. Economic Health Tracker is a monthly, multi-dimensional review of the health of the economy. Read and download the latest report for key insight on small business, jobs, and overall business performance. Come back regularly for new updates, published the Tuesday prior to the first Friday of each month.
This month, Dun & Bradstreet’s Tracker continues on a subdued tone among small declines in our two proprietary indicators and a fairly uneventful labor market outlook. However, below the top line, sectoral movement is widespread.
Small business sectors like manufacturing and real estate have kept up their slow but steady upward gains both sequentially as well as on a Y/Y basis. Others like Auto or Transportation show gains on a sequential basis but are still declining on an annual basis. Sectoral imbalance in the small business segments seems to be a clear trend in this month’s readings. If these imbalances persist, they will be a hindrance in the path of sustained growth for the U.S. economy. While sectoral variation amongst small businesses remain widespread, overall business risks are rising broadly with only slight discrimination being recorded by sector or geography. U.S. businesses remain in an overall low risk environment but conditions are worsening.
The Small Business Health Index measures year-over-year small business performance through payment patterns and credit use. U.S. Jobs Health combines Small Business Health Index industry data with BLS figures to forecast monthly nonfarm payroll employment. The U.S. Overall Business Health Index provides a weighted average of Dun & Bradstreet’s Viability Score, Delinquency Predictor and Total Loss Predictor. The index ranges from zero (with all businesses recording high levels of risk) to 100% (with all businesses recording low levels of risk). Report based on data available as of February 27, 2017.