Q4 2023 Experian/Oxford Economics Main Street Report

The Beyond the Trends Report: Winter 2023 dives into the challenges and opportunities facing small businesses in today’s shifting economy. As inflation strains consumer spending and savings dwindle, businesses must navigate rising costs and softening demand. Backed by Experian’s robust data, the report highlights key trends like increasing credit reliance, evolving consumer behaviors, and the Federal Reserve’s focus on cooling inflation. Small businesses can stay resilient by embracing strategies like market expansion, fraud prevention, and customer loyalty initiatives. With insights tailored to empower businesses, this report is your guide to thriving in a dynamic market.

Explore state-level and industry level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.

Discover five business intelligence reports that can help drive your strategies across the customer lifecycle.

Outstanding performance in the third quarter is a great headline focused on the resiliency of the American consumer. Business confidence and financials benefited from a consumer confidence boost as market conditions appeared to improve as inflation receded. Consumer spending remained elevated, supporting small business cashflow health, but a rising percentage of that consumer spend originated from leveraged consumer credit products. Creditors have been monitoring the rise in unsecured debt utilization and putting into action exposure limiting underwriting criteria.