Economy

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

Wells Fargo: Small Business Optimism Rises, Outlook on Current Business Conditions Still Down

The overall score of the Q3/20 Wells Fargo/Gallup Small Business Index rose 12 points from last quarter’s historic low-water mark. However, the overall positive movement in sentiment was contrasted by the third successive quarterly decline in optimism about current business conditions. read more

PayNet: Lending Rebound Continues, Main Street Remains at Risk

The PayNet Small Business Lending Index continued to bounce back in July after bottoming out in April, but the PayNet Small Business Delinquency Index 31–90 Days Past Due remains 55 basis points above its year-ago level. read more

ISM: Hospital Economic Activity Grows in August Despite ‘Slower Rates Than in July’

Economic activity in the hospital subsector grew in August for the third consecutive month, according to the Institute for Supply Management. Sub-indexes for business activity, new orders, employment and supplier deliveries “continued to show growth but at slower rates than in July.” read more

AICPA: Economic Optimism Rises Incrementally as Concerns Linger

U.S. business executives are feeling more optimistic about expansion plans and the outlook for their own companies over the next 12 months, yet still harbor deep concerns about the strength of the U.S. and global economies in the midst of a worldwide pandemic, according to the AICPA. read more

ISM: Services Sector Economic Activity Grows in August Despite Decline in Supplier Deliveries

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

ISM: Manufacturing Activity Expands in August with New Orders, Production, Inventories Up

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

Economic Recovery From COVID-19 Will Be Checkmark-Shaped

Internationally renowned economist, Elliot F. Eisenberg, Ph.D predicted that U.S. GDP recovery will be checkmark-shaped in Monitor’s latest Live+ event, “U.S. Economy: Navigating the Signs & the Journey Back,” which was sponsored by IDS and held on Tuesday, Aug. 25. read more

Umpqua Bank: Technology Spending a Growing Priority for Mid-Size Businesses

According to a survey from Umpqua Bank that gauged the impact of the COVID-19 pandemic on small and mid-size businesses, nearly five in 10 mid-size businesses have increased spending on technology, digital transformation or automation. read more

Monitor Live+ U.S. Economy: Navigating the Signs & the Journey Back Open for Registration

Registration is open for Monitor’s next Live+ event, “U.S. Economy: Navigating the Signs & the Journey Back,” which will be sponsored by IDS and held on Tuesday, Aug. 25 at 1:00 p.m. ET. read more

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Terry Mulreany
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