In a week sorely in need of some good news, PYMNTS' Store Front Business Index™ has some to offer. It’s a good time to be a business owner on Main Street USA.
According to the latest Store Front Business Index™, a PYMNTS and CAN Capital collaboration, the past 12 months have been a profitable time for many store front businesses. Growth has outpaced GDP and seems well on the path to continue to increase at an accelerated rate.
So what are the essential figures from the latest edition of the tracker?
10 million | The total number of data records used to developed the Index.
5.2 percent | Projected total real growth rate for the Southwest, Mountain and South regions for Q1 2016.
5 percent | Total real growth rate in the Index's fastest growing industry: Professional Services.
3.5 percent | The average real growth rate for the Store Front Index between Q3 2014 and Q3 2015.
2 percent | The real growth rate of U.S. GDP between Q3 2014 and Q3 2015.