Business Benchmark Report March report 3

Business Benchmark Report March report 3

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Large businesses showing greatest signs of improvement, according to Experian’s latest Business Benchmark Report In February, the national average commercial risk score was 58.15,* improving by 1.8 percent over January’s number. Businesses with 250 to 499 employees have shown the greatest change in the percent of delinquent dollars, seeing a 5.7 percent improvement over the past six months. The largest businesses — those with more than 1,000 employees — have improved by 3.6 percent and continue to rank among the lowest rate of severe delinquency at 2.1 percent, far below the national average. Other key findings from this month’s Business Benchmark Report include the following: Risk score: • The national average commercial risk score was 58.15, which improved over last month by more than a full point (or 1.8 percent), continuing to indicate signs of stability and improvement in the business sector. • Utility companies still have the highest risk score average of all industries (68.39), while the hospitality, retail and finance industries continue to have the lowest average at 51.91, 51.77 and 49.88, respectively. • The Plains states have the highest risk score average of all geographic areas (62.11), but North Dakota and Vermont showed the highest per-state average, with 66.80 and 64.46, respectively. The Northeast continues to have the lowest average risk score (55.30). However, the states with the lowest average scores are Florida (53 ...

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