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Follow on Google News | Business credit quality held steady during the quarter but raises concerns about the near futureBusiness Default Index improves for the quarter but slips in last two months; Business Default Diffusion Index deteriorates in last two months
By: WAIN Street Vidur Dhanda, Publisher, WAIN Street, said Thursday, “The improvement in quarterly default rates is encouraging and consistent with the overall slow growth. However, the Diffusion Index paints a more cautious picture of the challenging, uneven environment confronting businesses. Businesses face strong headwinds as consumers respond to the uncertain environment.” Highlights from the Q3 2013 (http://www.wainstreet.com/ -- GA and WI businesses lead the nation in quarterly credit quality improvements -- CT businesses suffered sharp deterioration in credit quality -- NV and AZ business default rate more than double national rate -- Construction sector default rate 1.5% higher than national rate -- Consumer and business services sectors improved in credit quality during Q3 2013 The WAIN Street Business Default Index (http://www.wainstreet.com/ End
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