Economy

CBIZ: Small Business Hiring Growth Continues in March

The CBIZ Small Business Employment Index (SBEI) experienced a seasonally adjusted increase of 0.86% for March. The reading closed Q1/21 on a positive note and built on February’s hiring growth. read more

ISM: Manufacturing Sector ‘Performed Well’ in March as New Orders, Production, Employment Grew

Economic activity in the manufacturing sector grew in March, with the overall economy notching a 10th consecutive month of growth, according to the March 2021 Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Bank Lending Has Increased by 9% in the U.S. During COVID-19 Pandemic

According to a study from UHY International, a global network of independent accounting and consulting firms, the U.S. has increased bank lending by 9% since the start of the COVID-19 pandemic. read more

Borrowing Costs Rise for SMBs, Particularly Women and Black-Owned Businesses

According to a new survey from C2FO, 87% of small and mid-sized businesses (SMBs) have enough liquidity for the next six months, but the cost of borrowing has increased for 32% of SMBS, including 43% of women-owned businesses and 34% of black-owned businesses. read more

Hospital Subsector Economic Activity Grows Again in February

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

Services Sector Economic Activity Expands in February

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

Manufacturing Sector Expands in February as New Orders, Production and Employment Metrics Increase

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

PNC: Small Business Owners Look to Vaccine-Driven Recovery

Many small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey. read more

January New Business Volume in Equipment Finance Industry Falls 12% Y/Y, 33% M/M

According to the ELFA’s Monthly Leasing and Finance Index, overall new business volume for January 2021 was $8.1 billion, down 12% year over year from new business volume in January 2020. In addition, volume was down 33% month to month from $12.1 billion in December. read more

Small Business Loan Approval Rates at Big Banks Plummet More Than 50% Y/Y in January

Small business loan approval percentages at big banks ($10 billion or more in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to Biz2Credit. In comparison, in January 2020, big banks approved a record high of 28.3% of the funding requests they received. read more

Vaccine Optimism Boosts Q4/20 Citizens Business Conditions Index

The national Citizens Business Conditions Index posted a second consecutive quarter of gains as optimism fueled by COVID-19 vaccine announcements and increased election certainty began to outweigh concerns about spiking pandemic cases. read more

Services Sector Reports Growth in January as PMI Reaches Highest Level since Feb. 2019

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

ISM: Manufacturing Sector Grows in January as New Orders and Production Increase

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

ISM Predicts Continued Economic Improvement in 2021

According to its most recent economic forecast, the Institute for Supply Management expects that economic improvement will continue in the United States in 2021. Capital expenditures are expected to increase by 2.4% in the manufacturing sector and increase by 12.7% in the services sector. read more

ISM: Services Sector Activity Expands in December as Prices Increase at a Slower Rate

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

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