Economy

ACT Research Reveals K-Shaped Economic Recovery for Commercial Vehicle Orders

According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, the U.S. economy is recovering from the early-year pandemic-driven shutdowns but on a K-shaped trajectory rather than the earlier speculated V, U or L-like paths. read more

Wells Fargo: Small Business Optimism Rises, Outlook on Current Business Conditions Still Down

The overall score of the Q3/20 Wells Fargo/Gallup Small Business Index rose 12 points from last quarter’s historic low-water mark. However, the overall positive movement in sentiment was contrasted by the third successive quarterly decline in optimism about current business conditions. read more

PayNet: Lending Rebound Continues, Main Street Remains at Risk

The PayNet Small Business Lending Index continued to bounce back in July after bottoming out in April, but the PayNet Small Business Delinquency Index 31–90 Days Past Due remains 55 basis points above its year-ago level. read more

ISM: Hospital Economic Activity Grows in August Despite ‘Slower Rates Than in July’

Economic activity in the hospital subsector grew in August for the third consecutive month, according to the Institute for Supply Management. Sub-indexes for business activity, new orders, employment and supplier deliveries “continued to show growth but at slower rates than in July.” read more

AICPA: Economic Optimism Rises Incrementally as Concerns Linger

U.S. business executives are feeling more optimistic about expansion plans and the outlook for their own companies over the next 12 months, yet still harbor deep concerns about the strength of the U.S. and global economies in the midst of a worldwide pandemic, according to the AICPA. read more

ISM: Services Sector Economic Activity Grows in August Despite Decline in Supplier Deliveries

Economic activity in the services sector grew in August for the third month in a row, according to the Services ISM Report On Business from the Institute for Supply Management. read more

ISM: Manufacturing Activity Expands in August with New Orders, Production, Inventories Up

According to the latest manufacturing report on business report from the Institute for Supply Management, economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth.  read more

Economic Recovery From COVID-19 Will Be Checkmark-Shaped

Internationally renowned economist, Elliot F. Eisenberg, Ph.D predicted that U.S. GDP recovery will be checkmark-shaped in Monitor’s latest Live+ event, “U.S. Economy: Navigating the Signs & the Journey Back,” which was sponsored by IDS and held on Tuesday, Aug. 25. read more

Umpqua Bank: Technology Spending a Growing Priority for Mid-Size Businesses

According to a survey from Umpqua Bank that gauged the impact of the COVID-19 pandemic on small and mid-size businesses, nearly five in 10 mid-size businesses have increased spending on technology, digital transformation or automation. read more

Monitor Live+ U.S. Economy: Navigating the Signs & the Journey Back Open for Registration

Registration is open for Monitor’s next Live+ event, “U.S. Economy: Navigating the Signs & the Journey Back,” which will be sponsored by IDS and held on Tuesday, Aug. 25 at 1:00 p.m. ET. read more

ISM: Services Sector Economic Activity Expands in July, Deliveries Still Stalled

Economic activity in the services sector (formally the non-manufacturing sector) grew in July for the second month in a row, according to the latest Services Institute for Supply Management Report On Business. read more

PayNet: June Lending Jumps as Small Businesses Look for Lifeline

The PayNet Small Business Lending Index recovered in June, increasing 16 points to 132.1, and is now just 3.7% below its year-ago level. The SBLI three-month moving average increased 2.9% but remains 20.9% below its level from June of last year. read more

Biz2Credit: Small Business Revenues Slashed in Half in Q2/20

According to Biz2Credit’s Small Business Financial Health Survey, year-over-year Q2/20 revenues of small business owners plummeted 52% from Q2/19 while payroll expenses dropped 54%. read more

ISM: Manufacturing Economic Activity Grows in July, Employment Contracts, Prices Increase

Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, according to the latest Manufacturing Institute for Supply Management Report On Business. read more

July Credit Managers’ Index Rebounds to Pre-Pandemic Levels

The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy. read more

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