COSTA MESA, Calif.—The outlook for small businesses in the U.S. continues to improve, according to the Q3 Experian/Moody’s Analytics Small Business Credit Index.
The Index advanced two points to 114.8 in Q3, marking the second consecutive quarter the index has moved higher.
The increase in the index, combined with the decline in delinquencies—small-business delinquency rates hit the lowest level on record this past quarter—and other key indicators point to a continued upward trend and a promising holiday season, Experian explained.
The increase in the index was fueled primarily by credit-balance growth and an increase in the number of trades.
The index measures credit conditions for firms with fewer than 100 workers, and last quarter’s move puts it at an all-time high.