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Report
Published June 28, 2023
Economic & Market InsightsIn our eighth annual report we explore the current fraud landscape, shifting consumer expectations, and how businesses can prioritize investment in future fraud prevention.
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In this week's video we touch on current small business macroeconomic conditions as well as share insights on the manufacturing
The U.S. manufacturing sector has been in a period of contraction for more than two years, but recent data suggests that a turning point may be on the horizon. The Purchasing Managers’ Index (PMI) reached 50.9 in January, breaking past the critical 50-point threshold for the first time in 26 months. This indicates that manufacturing activity is shifting from contraction to expansion, a positive sign for small businesses that have been a major driver of growth in the sector.
Check out the full report to see how these trends could impact your strategy!
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As we step into 2025, all eyes remain on the trajectory of inflation, the resilience in consumer spending and continued affordability challenges in the housing market. Discover our experts' insights on how they anticipate the economic landscape to evolve throughout 2025, as they delve into the latest trends and forecasts.
While the U.S. economy continues to outperform expectations, the labor market remains solid and consumers are well-positioned, there remain a few challenges ahead in 2025 that could cloud the economic outlook including potential inflationary pressures and continued affordability issues in the housing market. As these trends play out over the course of the year, businesses must stay on top of the latest economic developments.
Experian’s Chief UK Economist Mohammed Chaudhri’s latest report shares his forecast for the rest of the year and beyond with insights into the latest economic trends and developments.
In this episode, we discuss the growing economic crosswinds affecting small businesses, recent employment trends, consumer spending patterns, and the impressive growth of minority-owned businesses in the U.S. We highlight the challenges and opportunities these businesses face, particularly in accessing needed capital.
📌 41% of new commercial accounts are minority-owned, yet access to capital remains a barrier.
📌 44% of minority-owned businesses are less than six years old, showing strong entrepreneurial momentum.
📌 Industries like retail, construction, and healthcare are fueling this expansion.
For lenders, this represents an untapped market and a business opportunity with high growth potential.
Check out the full report to see how these trends could impact your strategy!