Economy

ISM: December Manufacturing Activity Contracts

The ISM’s PMI fell to 48.2% in December as new orders, production, employment and economic activity in the manufacturing sector contracted for the second straight month. read more

NACM Credit Managers’ Index Shows Modest Improvement

The December report of NACM’s Credit Managers’ Index showed minor improvement, though the manufacturing sector showed some decline. read more

Bloomberg: $7.1 Trillion Debt Refinancing for Biggest Economies in 2016

Bloomberg reported that the value of bills, notes and bonds coming due for the Group-of-Seven nations along with Brazil, China, India and Russia will total $7.1 trillion in 2016, compared to $7 trillion in 2015. read more

Conference Board Consumer Confidence Index Improves in December

The Conference Board Consumer Confidence Index, which had decreased moderately in November, improved in December. The Index now stands at 96.5, up from 92.6 in November. read more

Transportation Equipment Leads New Orders, Shipments in November

The U.S. Census Bureau reported transportation equipment drove the increase in new orders, shipments and unfilled orders for manufactured durable goods in November. read more

ELFA: November New Business Volume Down 12% Y/Y

The ELFA’s Monthly Leasing and Finance Index showed that overall new business volume for November was $6.1 billion, down 12% from new business volume in November of last year. read more

ELFF: December Equipment Finance Industry Confidence Steady

Confidence in the equipment finance industry remained at 60.2 in December, matching the reading from November, according to the Equipment Leasing & Finance Foundation’s December 2015 Monthly Confidence Index. read more

Federal Reserve to Raise Interest Rates From .25% to .5%

The Federal Reserve will raise its benchmark interest rate to .5% from .25%. This is the first time that the Fed has raised the rate since December 2008. read more

PayNet: Canadian Small Business Lending Index Rises

PayNet reported its Canadian Small Business Lending Index shows originations increasing in October compared to the same month one year ago. The Index has risen year-over-year for 11 consecutive months. read more

Wells Fargo Survey: 2015 Gains in Small Business Optimism Erased

According to the latest Wells Fargo/Gallup Small Business Index, after reaching a seven-year high in January, small business owners are feeling less optimistic today than they were a year ago. read more

Bloomberg: CFOs Plan to Slow Equipment Spending

Citing the Duke University/CFO Global Business Outlook survey, Bloomberg reported that confidence fell to 60.3 in December, down from 63.7 at the end of 2014, driving tempered equipment spending plans. read more

Balboa Survey Says Q3/15 Business Sentiment Strong

According to a recent survey from Balboa Capital, small business owners had an encouraging third quarter and are feeling more optimistic about the U.S. economy. read more

Labor Department: November 69th Consecutive Month of Job Growth

The Labor Department reported 211,000 jobs were added in November which was the 69th consecutive month of private sector job growth – the longest streak on record. read more

ABI: November Chapter 11 Filings Up 31% Year/Year

The American Bankruptcy Institute reported total commercial Chapter 11 filings increased 31% to 390 filings in November 2015 from the 298 Chapter 11 filings registered in November 2014. read more

PayNet SBLI Falls 5% as Small Business Investment Stalls

The October Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased by 5% to 131.7 compared to September’s value, which was restated from 140.4 to 137.9. read more

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