Dear Valued Merchant,
Hope you are enjoying this strong economy! The Strawhecker Group, a leading payments markets analytics and consulting firm, released a report in early October showing U.S. spending in retail and discretionary categories increased 6.9% in the second quarter of 2018 when compared to 4.4% in 2017. This increased spending is driven primarily by the strong labor market which in turn increases consumer confidence. The article breaks down different industries and regions and has some useful and positive information to know about the current economy. The Strawhecker Group also predicts that small businesses will average a growth rate of 4.5% in 2018. We hope your business is taking advantage of the strong economy. If you believe your business could be benefiting more and would like ideas from one of our Business Banking experts please call us today. We would love to create more value for your business!
As always, thank you for your business. Happy Fall!