Economy

AICPA Survey Finds 54% of Businesses Need Economic Stimulus by Early 2021

More than half of business executives (54%) expect some negative impact to their organizations if a renewed round of economic stimulus does not materialize by early 2021, according to the Q4/20 AICPA Economic Outlook Survey. read more

Phoenix Lending Survey Reveals Slow Growth and Choppy Recovery Post COVID-19

Phoenix Management Services’ Q4/20 “Lending Climate in America” survey projected a slow and choppy recovery from COVID-19. Lenders expect reduced business opportunities and deterioration of their portfolios to be the greatest risks to their institutions. read more

Small Businesses Optimistic About Long-Term Outlook, Still Wary of Next 12 Months

According to First Citizens Bank, 66% of small businesses are optimistic about the economic outlook for the next two to three years, which remains on par with sentiment from 2019 (68%). However, small business owners are less confident about the conditions for the next 12 months. read more

Wells Fargo/Gallup Survey Indicates Long Road to Recovery for Small Businesses

With COVID-19 cases surging and a new wave of restrictions looming, challenges persist for small business owners as they continue to weather the pandemic, according to data from the Q4 Wells Fargo/Gallup Small Business Index. read more

PayNet: Small Business Lending Rebounds in October Despite Headwinds

In October, the PayNet Small Business Lending Index increased 2.5 points to 147.3, although that was 0.9% below last year’s October level. While the SBLI rose moderately again in October, preliminary November data suggests challenges ahead as COVID-19 cases rise once again. read more

ISM: Services Sector Experiences Growth in November Despite ‘Slight Pullback’

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

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

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