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
DEC 14, 2020 - 7:42 am
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
DEC 10, 2020 - 7:30 am
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
DEC 10, 2020 - 7:26 am
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
DEC 9, 2020 - 8:11 am
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
DEC 7, 2020 - 7:52 am
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
DEC 4, 2020 - 7:19 am
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
DEC 2, 2020 - 7:18 am
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
DEC 1, 2020 - 7:38 am
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
NOV 12, 2020 - 7:24 am
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
NOV 9, 2020 - 7:38 am
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
NOV 9, 2020 - 7:29 am
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
NOV 5, 2020 - 7:15 am
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
NOV 3, 2020 - 6:42 am
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
NOV 2, 2020 - 7:23 am
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
NOV 2, 2020 - 7:22 am