Economic Indicators
Because small businesses generally respond to changes in economic conditions more rapidly than larger businesses do, the Thomson Reuters/PayNet Small Business Lending Index serves as a leading indicator of the economy.
THOMSON REUTERS/PAYNET SMALL BUSINESS
LENDING INDEX
The Thomson Reuters/PayNet Small Business Lending Index taps data from PayNet Inc., the leading provider of risk management tools and market insight to the commercial credit industry. Based on new loan originations by major lenders in PayNet’s proprietary database, this new index measures the volume of loans to Small Businesses (normalized to January 2005).
Seasonally adjusted and presented both on an absolute index basis and on a change versus the same month one year prior basis, it is published monthly as follows:
- Preliminary data for current value reflecting most recent small business lending activity released
- Revised data for month preceding Preliminary released
- Final data for month preceding Revised released
The index has its highest correlation with GDP change as a leading indicator, leading between 2 and 5 months in advance. The index undergoes periodic checks to examine the accuracy of the estimates over time.
Learn more about insight and data available from PayNet Inc.
Download the latest monthly releases and additional information about the SBLI below:
Feedback