+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Gas stations are thriving, but plenty of other businesses across the country have hit a slump, according to Yelp data

Feb 6, 2019, 02:25 IST

Mic Smith/AP

Advertisement
  • Businesses across the United States might be stuck in the middle of a slump.
  • That's according to data that Yelp compiled based on store openings and closings and the preferences of its millions of users.
  • The Yelp Economic Average found that gas stations proved to be the one major exception to the trend.

The state of business in the US isn't just about the stock market or GDP.

That's the impetus behind Yelp's latest creation, the Yelp Economic Average. The YEA digs deeper into how different types of companies are doing throughout the country. To compile its findings, Yelp drew on data from its 34 million monthly app users and its 75 million monthly mobile web users.

Read more: 11 brands that shoppers are obsessed with, from body wash to paper towels

The Yelp Economic Average also takes into account seasonal fluctuations, business openings and closings, and consumer demand on Yelp. Consumer demand takes into account Yelp user engagement with different businesses, like page views, searches, ratings and reviews, and check-ins.

Advertisement

As a benchmark, the last quarter of 2016 was assigned a score of 100. Overall, the third quarter of 2018 received a score of 100.7 from Yelp, while the fourth quarter saw a drop down to 98.5.

The numbers show that, aside from gas stations, many kinds of businesses may have fallen into a bit of a slump in 2018.

Here's a look at how different kinds of businesses did throughout the country:

Accounting firms

Yelp Economic Average score change: -12.6%

American-style restaurants

Yelp Economic Average score change: -1.1%

Appliances

Yelp Economic Average score change: -1.8%

Appliance repair shops

Yelp Economic Average score change: -4.1%

Auto repair

Yelp Economic Average score change: -1.7%

Bakeries

Yelp Economic Average score change: -1.4%

Breakfast and brunch places

Yelp Economic Average score change: -4.4%

Cafés

Yelp Economic Average score change: -1.1%

Computer stores

Yelp Economic Average score change: -1.1%

Courier services

Yelp Economic Average score change: -3%

Divorce and family law firms

Yelp Economic Average score change: -0.6%

Employment agencies

Yelp Economic Average score change: -2.2%

Flooring businesses

Yelp Economic Average score change: -3.3%

Gas stations

Yelp Economic Average score change: 0.9%

Grocery

Yelp Economic Average score change: -1.4%

Ice cream and frozen yogurt

Yelp Economic Average score change: -1.4%

Interior designers

Yelp Economic Average score change: -3.1%

IT businesses

Yelp Economic Average score change: -2.5%

Junk removal and hauling

Yelp Economic Average score change: -7%

Lounges

Yelp Economic Average score change: -1.2%

Mobile phones

Yelp Economic Average score change: -2.1%

Office cleaning businesses

Yelp Economic Average score change: -12.8%

Personal injury law firms

Yelp Economic Average score change: -3.9%

Real estate firms

Yelp Economic Average score change: -4.2%

Real estate law firms

Yelp Economic Average score change: -0.4%

Salad restaurants

Yelp Economic Average score change: -3.2%

Sandwich shops

Yelp Economic Average score change: -2.2%

Shoe stores

Yelp Economic Average score change: -1.7%

Sporting goods stores

Yelp Economic Average score change: -0.1%

Tree service companies

Yelp Economic Average score change: -5.8%

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article