Business failures fell in 1993.After sharp increases in 1991 and 1992, business failures fell by 11.4% in 1993, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dun and Bradstreet Corp. Arkansas Arkansas, river, United States Arkansas (ärkăn`zəs, är`kənsô'), river, c.1,450 mi (2,330 km) long, rising in the Rocky Mts., central Colo. led the business recovery with a decline of over 40% (see the map above). Hawaii, Michigan, New Jersey and Utah fared worse, with failures increasing significantly. Business failures generally are considered a lagging indicator Lagging Indicator A measurable economic factor that changes after the economy has already begun to follow a particular pattern or trend. Notes: Lagging indicators confirm long-term trends, but do not predict them. of economic conditions. In 1991, failures shot up by 43%. In 1992, the increase was down to 10%. "The survey suggests it is becoming less risky to extend credit," said Douglas Handler A software routine that performs a particular task. It often refers to a routine that "handles" an exception of some kind, such as an error, but it can refer to mainstream processes as well. The term is typically used in operating systems and other system software. , an economist with Dun and Bradstreet. "Liabilities associated with business failures are down by half, and fewer large companies are failing, which is a good omen for the midsized and smaller companies that do business with them." |
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