Report
Published January 18, 2024
Commercial InsightsDiscover five business intelligence reports that can help drive your strategies across the customer lifecycle.
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Video
A $2 trillion opportunity with minority-owned small businesses
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!
Video
Unemployment down, rate cuts on hold
This week's Commercial Pulse Report highlights key economic trends and small business credit conditions, providing insights for lenders, risk professionals, and business leaders.
The U.S. economy continues to face high interest rates and shifting market conditions:
- Inflation rose to 2.9% in December, marking its third consecutive increase and the highest level since July 2024.
- Unemployment declined to 4.0% in January, the lowest level since April 2024, but job growth slowed, with only 143K jobs added.
- Q4 GDP grew at 2.3%, down from 3.1% in Q3, indicating a moderate but slowing expansion.
- The Federal Reserve kept interest rates steady, reinforcing concerns about persistent inflation.
This report features the latest findings from the Experian Small Business Index™, a data-driven tool tracking small business financial health.
Check out the full report to see how these trends could impact your strategy!
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Leisure and Hospitality Resilience and Recovery
The latest Experian Commercial Pulse Report highlights a remarkable rebound for the Leisure & Hospitality sector:
✈️ TSA screened 903M+ passengers in 2024—a 6.5% increase over pre-pandemic levels.
🏨 Hotel occupancy rates are recovering, though still below pre-pandemic levels, as corporate travel remains reduced.
📊 Credit risk scores across subsectors are steadily improving, reflecting stabilizing financial health.
These trends showcase the sector’s resilience, supported by lower travel inflation and strong consumer demand despite economic pressures.
Credit managers, are you leveraging these insights to adjust your strategies?
Check out the full report to see how these trends could impact your strategy!
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Navigating Industry-Specific Risks
As published on the Business Information blog, Experian's latest Commercial Pulse Report highlights how risk profiles vary significantly by industry and business age.
🔹 New businesses in sectors like Construction and Food Services face higher delinquency rates, signaling elevated credit risks.
🔹 Meanwhile, industries like Retail and Healthcare maintain stable performance, regardless of business maturity—offering balanced opportunities for lenders.
Understanding these dynamics is critical for tailoring lending strategies, mitigating risk, and supporting business growth across industries.
Check out the full report to see how these trends could impact your strategy!