Economy

Amid Rising Delta Variant, Small Businesses Ring the Alarm on Pandemic Recovery

U.S. Small business owners are ringing the alarm about the direction the country is headed and are struggling to manage inflationary pressures, navigate the labor shortage and confront mental health struggles, according to a new survey released from Goldman Sachs.  read more

Biz2Credit: Loan Approval Rates Rise at Banks and at Non-Bank Lenders in August

Small business loan approval percentages at big banks jumped from 13.8% in July 2021 to 13.9% in August. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business Lending Index. read more

ISM: Hospital Economic Activity Grows for 15th Consecutive Month

Economic activity in the hospital subsector grew in August for the 15th consecutive month, according to the nation’s hospital supply executives in the latest Hospital ISM Report On Business. read more

AICPA Survey: Inflation Fears and Labor Woes Dim Optimism on U.S. Economy

Labor shortages and mounting inflation fears combined to dampen business executives’ outlook on the U.S. economy, according to the third-quarter AICPA Economic Outlook Survey. read more

ISM: Services Sector Economic Activity Continues to Grow in August

Economic activity in the services sector grew in August for the 15th month in a row, according to purchasing and supply executives in the latest Services ISM Report On Business. read more

Economic Activity in Manufacturing Sector Grows in August Amid ‘Unprecedented Obstacles’

Economic activity in the manufacturing sector grew in August, with the overall economy notching a 15th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Biz2Credit: Small Business Loan Approval Rates Increase at Banks in July

According to Biz2Credit’s latest Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) jumped from 13.6% in June to 13.8% in July, reaching the same percentage as last July. read more

ISM: Services Sector Economic Activity Remains on Upswing in July

Economic activity in the services sector grew in July for the 14th month in a row, with the rate of expansion hitting an all-time high, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

Manufacturing Sector Continues to Grow Despite Challenges with Meeting Demand

Economic activity in the manufacturing sector grew in July, although at a slower rate than June, with the overall economy notching a 14th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Umpqua Bank Survey Shows Surging Optimism, Transformational Shifts in Middle Market

According to a study from Umpqua Bank, despite the heavy toll businesses faced last year, optimism has now surged past pre-COVID-19-pandemic levels and many companies report being well positioned for growth in the year ahead. read more

ELFA: Equipment Finance Industry Logs 17% Y/Y Increase in New Business Volume in June

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.4 billion, up 17% year over year from new business volume in June 2020. read more

ELFF’s Q3 Industry Snapshot Projects ‘Healthy’ Expansion of Equipment/Software Investment

According to the Equipment Leasing & Finance Foundation’s Q3 2021 Equipment Leasing & Finance Industry Snapshot, equipment and software investment is projected to expand by 13.3% in 2021, the strongest year in a decade. read more

ISM: Economic Activity in Hospital Subsector Increases in June

Economic activity in the hospital subsector grew in June for the 13th consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

ELFF Forecasts 13.3% Expansion in Equipment/Software Investment in Outlook Update

According to the Q3/21 update to the Equipment Leasing and Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook, annual equipment and software investment will grow 13.3% in 2021 and annual U.S. GDP growth for 2021 will increase by 6.1%. read more

ISM: Economic Activity in Services Sector Grows in June but Eases from May’s All-Time High

Economic activity in the services sector grew in June for the 13th month in a row, according to the June 2021 Services ISM Report on Business from the Institute for Supply Management. read more

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Terry Mulreany
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