Experian is very pleased to announce the release of the Q1 2024 Main Street Report.
Join us for a deep dive on Q1 performance
Experian will share key findings from our Q1 Main Street Report in the Quarterly Business Credit Review:
Tuesday, June 4th, 10:00 a.m. Pacific | 1:00 p.m. Eastern
Strength in the economy pushes through inflation
The U.S. (United States) economy demonstrated resilience in the first quarter of 2024, driven by robust consumer spending and a solid labor market. Contrary to previous fears of a recession, consumer willingness to participate in markets has remained high as the confidence building favorable labor market conditions encourage an anxious consumer to keep spending. As we move into the second quarter of 2024, the economic landscape offers a diverse array of both opportunities and challenges for small businesses.
Spending during the first quarter exceeded expectations, providing much-needed cash flow for small businesses. This influx of capital has enabled small firms to reduce debt and consider future growth and capital expenditures. Despite inflationary pressures and tighter lending conditions, the outlook remains cautiously optimistic. The Federal Reserve’s anticipated rate cuts, expected to begin late in 2024, could further stimulate economic activity and provide a boost to small businesses.
Download your copy of the latest report for details.
