Economy

ISM: Services Sector Economic Activity Expands in July, Deliveries Still Stalled

Economic activity in the services sector (formally the non-manufacturing sector) grew in July for the second month in a row, according to the latest Services Institute for Supply Management Report On Business. read more

PayNet: June Lending Jumps as Small Businesses Look for Lifeline

The PayNet Small Business Lending Index recovered in June, increasing 16 points to 132.1, and is now just 3.7% below its year-ago level. The SBLI three-month moving average increased 2.9% but remains 20.9% below its level from June of last year. read more

Biz2Credit: Small Business Revenues Slashed in Half in Q2/20

According to Biz2Credit’s Small Business Financial Health Survey, year-over-year Q2/20 revenues of small business owners plummeted 52% from Q2/19 while payroll expenses dropped 54%. read more

ISM: Manufacturing Economic Activity Grows in July, Employment Contracts, Prices Increase

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

July Credit Managers’ Index Rebounds to Pre-Pandemic Levels

The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy. read more

Citizens Business Conditions Index Shows Stability in Q2/20

The Citizens Business Conditions Index showed stability in Q2/20, decreasing from 60.8 to 60.3 despite the quarter beginning with many businesses reeling from the shutdown of the global economy caused by the COVID-19 pandemic. read more

ACT Research: Economic Path Forward Will Be ‘Choppy’

According to its latest Commercial Vehicle Dealer Digest report, ACT Research expects “a choppy economic path forward.” read more

TD Bank: Most Small Businesses Expect 2020 Revenue Decline

More than half (58%) of small business owners reported that they expect their revenue to decrease in 2020, even though 47% said they did not have to close for any amount of time during the COVID-19 pandemic, according to data from TD Bank. read more

Equipment Leasing and Finance Industry Confidence Holds Steady in July

According to the July 2020 Monthly Confidence Index for the Equipment Finance Industry from the Equipment Leasing & Finance Foundation, confidence in the equipment finance market is 45.3, steady with the June index of 45.8. read more

ELFF Forecasts Improvement in Equipment and Software Investment in Q3/20

According to the Equipment Leasing & Finance Foundation, after severe declines in equipment and software investment in Q1/20 and Q2/20 due to COVID-19, investment in equipment and software is projected to improve relative to the first half of the year as businesses reopen. read more

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

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Terry Mulreany
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