Economy

JPMorgan: Normalcy is a Ways Off With Most Businesses Operating at a Reduced Capacity

Amidst an unprecedented global pandemic and disruptions to the economy, more than one in two business leaders (53%) expect their companies to return to normal in the next 12 months, according to JPMorgan Chase’s Business Leaders Outlook Pulse Survey. read more

ACCA and IMA Report 2020 Worst Year for Global Economy Since WWII

The Q2/20 Global Economic Conditions Survey from ACCA and IMA found that North America is more optimistic about an imminent economic recovery than other regions across the globe. read more

Small Business Lending Index Up 1.9% M/M, Down 30% Y/Y

The PayNet Small Business Lending Index stemmed its freefall in May, ticking up 2.1 points to 111.4, but it is still nearly 30% below its year-ago level. read more

ISM: Non-Manufacturing Grows in June; NMI at 57.1%

Economic activity in the non-manufacturing sector grew in June after two consecutive months of contraction, according to the latest ISM Report On Business. read more

ISM: Manufacturing Grows in June; PMI at 52.6%

The ISM Report On Business showed economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction. read more

NACM’s June Credit Managers’ Index Predicts V-Shaped Recovery

The June CMI from the NACM showed the economy is on the road to recovery, with many sectors doing a 180 by jumping back into expansion territory. read more

BMO Reports U.S. Post-Pandemic Economic Prospects by Sector

As the U.S. works to recover from COVID-19, some industries will rebound quickly as distancing measures lighten, reports BMO Economics. read more

ACT: U.S. Economy Improves in April, CV Industry Looking Toward Recovery

ACT Research data showed improvements in the state of the economy with reopenings since late April representing the first steps toward economic recovery. read more

ABI: Nearly 500 Small Businesses File for Bankruptcy Under Subchapter V Provision

ABI statistics showed that 471 small businesses have elected to file for bankruptcy relief under the new Subchapter V to Chapter 11 of the Bankruptcy Code since it was enacted.  read more

Wells Fargo Expects Deep But Short Recession, Recovery in H2/20

According to the Wells Fargo Investment Institute’s 2020 midyear outlook, there will be a deep but short recession and a gradual U.S. economic recovery beginning in the second half of 2020. read more

April Small Business Lending Index Craters as Firms Turn to PPP

The PayNet Small Business Lending Index fell 14.4 points, or 11.8%, to 107.4 in April and is now 32% below its year-ago level, potentially suggesting that small businesses are substituting traditional lending with Paycheck Protection Program loans. read more

KBRA COVID-19 Research: Can Credit Hold Ground with U.S. ‘Spiraling Out of Control?’

This KBRA report examines the dramatic tightening in most credit spreads in the face of a still unfolding pandemic, deep economic recession and an uncertain political landscape. read more

Fed Improves Main Street Lending Program Terms to Support Employment

The Wall Street Journal reported that the Federal Reserve has made several adjustments to the Main Street Lending Program to attract more SMEs. read more

U.S. Economy Gains 2.5MM Jobs in May Signaling Recovery in Underway

According to the Bureau of Labor Statistics, the U.S. economy gained 2.5 million jobs in May, more than twice the previous record for a monthly gain of 1.1 million jobs, which was set in September 1983.  read more

Moody’s Analytics: COVID-19 Resurgence Could Cause Global Economic Depression

Moody’s Analytics baseline economic forecast reports that real global GDP will fall by 4.5% this year as a result of COVID-19 and the economy will not return to full-employment until mid-decade. read more

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Terry Mulreany
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