Economy

ISM: Construction Industry ‘Extremely Strong’

The latest Non-Manufacturing ISM Report showed economic activity in the non-manufacturing sector grew in June for the 53rd consecutive month. The report notes the construction industry is extremely strong and business conditions look positive going forward. read more

Bloomberg: Interest Rate Forecast Brought Forward

Bloomberg reported that Goldman Sachs brought forward its forecast for the Fed to raise interest rates in the third quarter of 2015, rather than the first three months of 2016. read more

Economy Adds 288K Jobs in June; Unemployment Drops to 6.1%

Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported. read more

Execs Optimistic About Growth, See Regulation as Impediment

Nine out of 10 executives at small and mid-size manufacturing and distribution companies expect solid growth over the next 12 months, but cite regulation as an impediment, according to the 2014 McGladrey Manufacturing and Distribution Monitor. read more

Business Logistics Continues Slow Rebound

According to the Council of Supply Chain Management Professionals 25th Annual “State of Logistics Report,” total U.S. business logistics as a percent of U.S. GDP declined for the second year in a row. read more

TD: U.S. Economy Gains Improves After Stumbling in Q1/14

Economic growth stumbled in the first three months of this year, but bounced back in the spring and will maintain momentum over the remainder of 2014, according to a report released by TD Economics. read more

Jobless Claims Drop to Lowest Level in Seven Years

According to a report issued by the Labor Department, the advance number for seasonally adjusted insured unemployment during the week ending June was 2.56 million, the fewest since October 13, 2007. read more

Fed: Business Investment Resumes Advance

In its latest meeting of the FOMC, the Fed said growth in economic activity has rebounded in recent months and noted that business fixed investment resumed its advance. read more

Fed Will Raise Rates Faster Than Investors Expect

Bloomberg reported, citing a survey of economists, that the Fed will probably raise its benchmark interest rate faster than money-market investors expect. read more

OECD: U.S. Growth to Accelerate Through 2015

Reuters reported the U.S. economic recovery should accelerate in the coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fasters pace in a decade. read more

New Home Construction Needed to Match Job Creation

According to a new analysis by the National Association of Realtors, new home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages. read more

Retail Sales Rise Less Than Expected

Reuters reported that U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam. read more

Fed Prepares to Keep Super-Sized Balance Sheet

Bloomberg reported that Fed officials, who are concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for years. read more

Factory Orders, Shipments Rise for 3rd Consecutive Month

According to the U.S. Census Bureau, new orders and shipments for manufactured goods in April were for the third consecutive month. read more

Beige Book: All Districts Report ‘Expanded’ Activity

According to the latest Beige Book report, all twelve Federal Reserve districts noted that economic activity expanded during the current reporting period. Energy-related activity was described in certain districts as “expanded strongly” and “robust.” read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com