Economy

ISM: November Manufacturing Activity Grows; New Orders and Production Increase

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

NACM’s November Credit Managers’ Index Eases Growth, Still Positive

The November Credit Managers’ Index from the NACM decreased slightly after hitting a 15-year high in October. The overall score of 57.9, which was down half a point from October, is the second-highest reading in the last 12 months. read more

Small Business Loan Approval Rates at Big Banks Declined in October

Small business loan approval percentages at big banks, or those with $10 billion or more in assets, dropped slightly from 13.5% in September to 13.3% in October, according to the latest Biz2Credit Small Business Lending Index. read more

U.S. Unemployment Rate Declines to 6.9% in October

Total nonfarm payroll employment rose by 638,000 in October and the unemployment rate declined to 6.9%, according to the U.S. Bureau of Labor Statistics. In October, nonfarm employment was below its February level by 10.1 million, or 6.6%. read more

ISM: Economic Activity in Hospital Subsector Expands in October

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

ISM: Services Sector Growth Experiences ‘Slight Pull Back’ in October

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

ISM: October Manufacturing Activity Grows; New Orders, Production and Employment Improving

Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, according to the October 2020 Manufacturing ISM Report On Business from the Institute for Supply Management. read more

NACM’s October Credit Managers’ Index Hits 15-Year High

The October Credit Managers’ Index from the National Association of Credit Management rose 2.4 points to 58.4, marking its highest combined score in more than a decade and a half. read more

Citizens Business Conditions Index Signals Steady Economic Improvement in Q3/20

Economic conditions showed definite signs of improvement during Q3/20, the first gain during a year dominated by impacts of the COVID-19 pandemic, according to the Citizens Business Conditions Index, which rose to 61.2 at the end of the quarter, up from 60.3 at the end of Q2/20. read more

Small Business Confidence Rebounds, Remains Below Pre-Pandemic Levels

According to a new survey from Balboa Capital, 53% of small business owners experienced decreased revenues in Q2/20 and Q3/20 compared with 18% in the previous two quarters. Conversely, 54% of small business owners expect increased revenues in Q4/20, an increase of 7% from previous survey results. read more

IDC: Digital Parity, New Customer Demands, Automation Key Factors in 2021

In its 2021 outlook, IDC identified three overarching initiatives that directly link technology investment to digital transformation, including creating digital parity across workforces, designing for new customer demands and accelerating automation. read more

PayNet: Small Business Lending Falls as Economic Recovery Slows

In August, the PayNet Small Business Lending Index declined for the first time since April, falling 13.5 points (-9.1%) to 134.7 and 5.5% below its year-ago level. read more

ELFF: Investment in Equipment and Software Recovers in Q3/20

After severe declines in equipment and software investment in Q1/20 and Q2/20 due to the effects of the COVID-19 pandemic, investment in equipment and software bounced back in Q3/20, according to the Equipment Leasing & Finance Foundation. read more

ISM: September Manufacturing Activity Progresses as New Orders and Production Grow

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

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

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