Data

ISM: Services Sector Activity Expands as Prices Index Reaches Highest Reading Since 2008

Economic activity in the services sector grew in April for the 11th month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

Manufacturing Sector Grows in April Despite Extended Lead Times and Higher Commodity Prices

Economic activity in the manufacturing sector grew in April, with the overall economy notching an 11th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Used Equipment Values Continue Upward Trend in May

Year-over-year improvements in asking and auction values continue to be the trend across the used construction equipment, agricultural equipment and commercial truck markets, according to a new report from Sandhills Global. read more

Biz2Credit: Non-PPP Loan Approval Rates Remain Relatively Unchanged in April

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) dipped slightly to 13.4% in April from 13.5% in March 2021, according to Biz2Credit. Similarly, approvals at small banks dropped to 18.2% in April, which was down from 18.3% in March. read more

First Citizens: Small Business Growth Confidence Back to Pre-Pandemic Levels

A survey from First Citizens Bank found nearly 80% of small business owners are confident or very confident in business growth over the next 12 months, which marks a 9% increase since September 2020 and a return to pre-COVID-19 pandemic levels. read more

TD Bank Survey Shows 41% of Small Business Owners Expect Revenue Growth in 2021

According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline. read more

NACM’s April Credit Managers’ Index Reflects Economic Gains 

The National Association of Credit Management’s Credit Managers’ Index for April 2021 reached a high not seen for more than 15 years. The monthly combined index for manufacturing and service sectors broke through the 60 mark with a reading of 60.6 after hovering in the high 50s for several months. read more

Citizens: U.S. Business Conditions Recover with Increased Vaccinations, Fiscal Package

Continued economic recovery from the shock of the COVID-19 pandemic kept the Q1/21 national Citizens Business Conditions Index (CBCI) in upbeat territory with a reading of 53.3. This compares with a Q4/20 reading of 56. A reading above 50 is considered expansionary. read more

ACT Research: Much to Like About Economy, Freight and Commercial Vehicle Demand

In the most recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that there is much to like about the current state of the U.S. economy as well as from both freight and commercial vehicle demand perspectives. read more

ELFA: New Business Volume in Equipment Finance Industry Rises in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for March was $9.3 billion, up 4% year over year from new business volume in March 2020. Volume was up 26% month to month from $7.4 billion in February. read more

ELFF Projects 11.2% Growth in Equipment & Software Investment in Q2 Update to Economic Outlook

Annual equipment and software investment is expected to grow 11.2% in 2021 and U.S. GDP is expected to grow 5.7% in 2021, according to the Q2 update to the 2021 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. read more

NACM’s March Credit Managers’ Index Better Than Expected

The National Association of Credit Management’s Credit Managers’ Index (CMI) gained two points in March. Following four months of fluctuations, the March CMI reached its second-highest combined score in a year. read more

CBIZ: Small Business Hiring Growth Continues in March

The CBIZ Small Business Employment Index (SBEI) experienced a seasonally adjusted increase of 0.86% for March. The reading closed Q1/21 on a positive note and built on February’s hiring growth. read more

Hospital Subsector Economic Activity Grows Again in February

Economic activity in the hospital subsector grew in February for the ninth consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

Services Sector Economic Activity Expands in February

Economic activity in the services sector grew in February for the ninth month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

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