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Costa
Mesa, Calif., Dec. 16, 2009 — Experian®, the leading
global information services company, today announced
the results of its monthly Business Benchmark Report. During the month of
November, the majority of measurements in the report show that payment
performance is continuing to deteriorate nationwide across most industries,
geographies and businesses of all sizes. Still, businesses with 100 to 1,000
employees began showing improvement in overall dollars delinquent, indicating
there may be some stability in that important business segment. In addition,
businesses with no employees (or nonemployer firms) continue to perform better
than most of their counterparts, with the exception of dollars delinquent over
90 days.
Other key
findings from this month’s Business Benchmark Report
include:
Risk
score:
·
The national average commercial risk
score for November was 60.54*. Based on a rolling six-month average, this score
has declined by 1.4 percent, indicating higher risk of severe payment
delinquency over the next 12 months.
·
Businesses of more than 1,000
employees continue to show the highest rate of projected severe
delinquency.
·
Utilities companies still have the
best risk score average of all industries (70.67), and Hospitality has the worst
(56.05).
·
The Northeast region has the lowest
risk score (56.46) and saw the largest decline in the period at 1.8
percent.
*Based on a 100-point
scale
Average
days beyond terms (DBT):
·
The national average DBT for November
was 5.16. This number has increased by 4 percent, indicating overall payment
behavior is continuing to slow.
·
Health Services has the best average
DBT at 4.02, while Construction has shown the worst payment performance, coming
in at an average of 9.09 DBT.
·
The Mountain States region has the
worst payment performance, with an average of 8.1
DBT.
Percent of
dollars delinquent:
·
A
bright spot perhaps: For midsize to large businesses (100 to 1,000 employees),
the percent of dollars delinquent is improving. However, the percent of dollars
91-plus days delinquent is only improving in businesses with 500 to 1,000
employees.
·
The average percent of dollars
delinquent for November was 14.7 percent (a 2 percent deterioration), and the
percent of dollars now 91-plus days delinquent is 5.9 percent (a 7 percent
deterioration). The continued growth in severe delinquency reinforces the
continued deterioration in payment performance nationwide.
·
Construction has the worst percent of
dollars delinquent (25.34 percent) and continues to deteriorate in both percent
of dollars delinquent and in the percent of dollars that are 91-plus days
delinquent.
|
November |
|
|
|
|
Six-month
change |
|
|
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
National
average |
60.54 |
5.16 |
14.7% |
5.9% |
|
-1.4% |
4% |
2% |
7% |
|
|
|
|
|
|
|
|
|
|
|
|
Number
of employees |
|
|
|
|
|
|
|
|
|
Nonemployer |
61.10 |
4.56 |
11.4% |
5.4% |
|
-1.7% |
2.7% |
1.2% |
4.6% |
|
1
to 4 |
61.36 |
5.42 |
15.7% |
8.3% |
|
-0.9% |
4.1% |
4.4% |
7.1% |
|
5
to 9 |
58.47 |
6.72 |
16.3% |
7.2% |
|
-0.6% |
6.0% |
4.1% |
7.4% |
|
10
to 19 |
57.20 |
7.00 |
16.7% |
6.5% |
|
-0.4% |
4.4% |
3.5% |
7.0% |
|
20
to 49 |
57.63 |
6.97 |
17.1% |
5.0% |
|
0.2% |
2.6% |
1.5% |
5.4% |
|
50
to 99 |
57.79 |
6.75 |
17.8% |
4.1% |
|
0.6% |
1.1% |
1.0% |
5.4% |
|
100
to 249 |
55.92 |
7.11 |
18.1% |
3.7% |
|
0.7% |
0.5% |
-1.8% |
5.8% |
|
250
to 499 |
55.32 |
7.68 |
18.7% |
2.6% |
|
1.2% |
0.2% |
-4.1% |
1.3% |
|
500
to 999 |
56.60 |
7.73 |
21.7% |
2.2% |
|
1.5% |
0.0% |
-1.8% |
-2.3% |
|
1,000
and over |
34.14 |
5.42 |
23.0% |
3.2% |
|
-10.0% |
-0.5% |
0.1% |
8.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
Industry
group |
|
|
|
|
|
|
|
|
|
|
Agriculture |
65.19 |
4.80 |
11.40% |
5.81% |
|
-0.80% |
6% |
13% |
17% |
|
Forestry |
67.27 |
3.18 |
9.28% |
3.88% |
|
-0.44% |
2% |
12% |
40% |
|
Mining |
63.40 |
4.35 |
13.72% |
1.98% |
|
0.66% |
-1% |
-14% |
-19% |
|
Construction |
57.77 |
9.09 |
25.34% |
10.25% |
|
-0.80% |
5% |
3% |
7% |
|
Manufacturing |
58.42 |
7.62 |
17.52% |
4.79% |
|
-0.27% |
5% |
0% |
12% |
|
Transportation |
56.46 |
6.88 |
16.01% |
7.65% |
|
-1.08% |
4% |
-1% |
8% |
|
Communications |
56.51 |
7.58 |
20.19% |
8.97% |
|
-0.79% |
7% |
0% |
9% |
|
Utilities |
70.67 |
4.28 |
22.03% |
7.37% |
|
-0.31% |
4% |
3% |
10% |
|
Wholesale
trade |
59.35 |
6.66 |
14.42% |
4.03% |
|
-0.58% |
4% |
1% |
7% |
|
Retail
trade |
56.45 |
6.63 |
18.24% |
6.12% |
|
-0.68% |
4% |
3% |
9% |
|
Finance |
57.09 |
6.74 |
17.06% |
10.29% |
|
-0.59% |
5% |
0% |
2% |
|
Insurance |
64.59 |
5.07 |
7.24% |
4.72% |
|
-0.88% |
8% |
7% |
11% |
|
Real
estate |
60.42 |
5.57 |
5.12% |
3.21% |
|
-0.55% |
6% |
4% |
10% |
|
Hospitality |
56.05 |
6.32 |
11.56% |
3.63% |
|
-0.32% |
2% |
-13% |
-12% |
|
Business
services |
59.43 |
7.08 |
17.35% |
9.40% |
|
-0.93% |
7% |
6% |
15% |
|
Health
services |
64.98 |
4.02 |
11.65% |
3.96% |
|
-0.20% |
4% |
2% |
8% |
|
Legal
services |
61.90 |
5.41 |
15.92% |
10.07% |
|
-0.45% |
8% |
4% |
8% |
|
Educational
services |
64.79 |
4.49 |
11.67% |
5.09% |
|
-0.38% |
6% |
3% |
9% |
|
Public
admin. |
65.14 |
4.28 |
17.49% |
5.52% |
|
-1.19% |
6% |
4% |
17% |
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
Risk
score |
Average
DBT |
Percent
$ delinquent |
Percent
$ 91+ |
|
Region |
|
|
|
|
|
|
|
|
|
|
Mid-Atlantic |
62.37 |
4.45 |
13.3% |
4.4% |
|
-1.3% |
7% |
5% |
11% |
|
Midwest |
61.75 |
5.42 |
16.4% |
7.6% |
|
-1.4% |
2% |
3% |
7% |
|
Mountain |
60.20 |
8.10 |
19.7% |
8.7% |
|
-1.2% |
1% |
-13% |
-8% |
|
New
England |
61.94 |
4.05 |
11.8% |
3.7% |
|
-1.4% |
7% |
7% |
11% |
|
Northeast |
56.46 |
3.96 |
14.5% |
5.1% |
|
-1.8% |
6% |
6% |
12% |
|
Northwest |
63.04 |
6.67 |
15.0% |
5.8% |
|
-0.9% |
2% |
0% |
4% |
|
Plains |
63.23 |
4.77 |
13.8% |
4.2% |
|
-1.0% |
3% |
9% |
12% |
|
South
Central |
60.03 |
4.66 |
15.5% |
5.3% |
|
-1.6% |
4% |
-3% |
4% |
|
Southeast |
59.12 |
5.75 |
13.9% |
5.9% |
|
-1.4% |
4% |
4% |
8% |
|
Southwest |
60.93 |
4.74 |
14.2% |
6.5% |
|
-1.3% |
4% |
-1% |
7% |
To see a visual
representation of this data and other information broken down by state in an
interactive map of the United States, go to http://www.BusinessCreditFacts.com/map
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