Economy

Survey: Restaurants will Add 1.6 Million New Jobs by 2029

The National Restaurant Association released its 2019 State of the Restaurant Industry Report that examines significant forces impacting and shaping the restaurant industry. Key findings surrounding economic conditions include: Restaurant industry sales are forecast to reach $863 billion in 2019;... read more

OnDeck Survey: Small Business Owners Mixed On Tax Cut Benefits

A new survey of more than 1,200 small business owners by OnDeck
finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Sixty-three percent of respondents plan to invest in new equipment/leases. read more

Gartner: U.S. Companies Prepare for Potential Recession

Analysis of S&P 500 2018 earnings transcripts shows fading exuberance among corporate executives as the year progressed, according to Gartner. read more

Y/Y Average Earnings Growth Surpasses 3% for 7th Straight Month

According to the U.S. Department of Labor, wage gains hit their highest mark since April 2009, at 3.4% year over year, while the year over year average hourly earnings growth surpassed 3% for seventh consecutive month. read more

ISM: Non-Manufacturing Sector Grows in February

Economic activity in the non-manufacturing sector grew in February for the 109th consecutive month, according to the latest Non-Manufacturing ISM Report on Business. read more

ISM Report: Economic Expansion Continues for 118th Consecutive Month

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 118th consecutive month, according to the latest Manufacturing ISM Report on Business. read more

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

Fed Continues to See Labor Market Strength, Growing Economic Activity

Information received after the Federal Open Market Committee December meeting indicates that the labor market continues to strengthen and economic activity is rising at a solid rate. Therefore, the Committee decided to maintain the federal funds target range at 2.25% to 2.50%. read more

Survey: Corporations in Debt Default on the Rise

Reuters reported corporations are expected to default on debt at higher rates as economic growth drops and political trouble increase, according to an International Association of Credit Portfolio Managers survey. read more

Total Bankruptcy Filings Drop 2% in 2018; Commercial Chapter 11s Dip 5%

Total bankruptcy filings during calendar year 2018 decreased 2% from 2017, according to data provided by Epiq Systems. read more

ISM: Manufacturing Activity Up in December, 116-Month Expansion Continues

Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 116th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. read more

IHS Markit: U.S. Manufacturing PMI Slips to 15-Month Low

The IHS Markit U.S. Manufacturing Purchasing Managers’ Index posted 53.8 in December, the weakest improvement in operating conditions since September 2017. New order growth eased to 15-month low. read more

Credit Managers’ Index Ends 2018 on Sour Note

Credit professionals reported fewer sales and new credit applications in the December 2018 economic report from the National Association of Credit Management, but the declines in the favorables should be taken with a grain of salt as they are all still well within expansion territory. read more

Bloomberg: U.S. Manufacturing Ends 2018 in a Slump

Bloomberg reported that five Federal Reserve indices of regional manufacturing dropped in December, which could indicate that shaky times are in store for the U.S. economy. read more

Phoenix Lending Survey: Confidence in U.S. Economy Deteriorating

Phoenix Management’s Q4/18 “Lending Climate in America” Survey showed deteriorating confidence in the strength of the U.S. economy with a significant increase in loan losses and bankruptcies. read more

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