Economy

Citizens: U.S. Business Conditions Recover with Increased Vaccinations, Fiscal Package

Continued economic recovery from the shock of the COVID-19 pandemic kept the Q1/21 national Citizens Business Conditions Index (CBCI) in upbeat territory with a reading of 53.3. This compares with a Q4/20 reading of 56. A reading above 50 is considered expansionary. read more

Balboa Capital Survey: Small Business Owner Optimism Rebounding in 2021

According to Balboa Capital’s Q2/21 Small Business Owner Survey, half of small businesses experienced increased revenues in Q1/21 and seven in 10 small business owners expect their companies to perform better in 2021 than they did in 2020. read more

Truist: U.S. Business Owners Optimistic While Re-Examining Strategies

Following a challenging year marred by the impact of the COVID-19 pandemic, business owners are optimistic about the next six months and are re-examining their business and financial strategies, according to a survey from Truist. read more

ACT Research: Much to Like About Economy, Freight and Commercial Vehicle Demand

In the most recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that there is much to like about the current state of the U.S. economy as well as from both freight and commercial vehicle demand perspectives. read more

ELFA: New Business Volume in Equipment Finance Industry Rises in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for March was $9.3 billion, up 4% year over year from new business volume in March 2020. Volume was up 26% month to month from $7.4 billion in February. read more

ELFF Points to Stimulus, Savings Rates, Spending as Economic Tailwinds in Q2 Snapshot

The Equipment Leasing & Finance Foundation released its Q2 2021 Equipment Leasing & Finance Industry Snapshot. According to the snapshot, a historic stimulus, record-high savings rates and below-trend spending are among the economic tailwinds for this year. read more

ELFF Projects 11.2% Growth in Equipment & Software Investment in Q2 Update to Economic Outlook

Annual equipment and software investment is expected to grow 11.2% in 2021 and U.S. GDP is expected to grow 5.7% in 2021, according to the Q2 update to the 2021 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. read more

Biz2Credit: March Non-PPP Loan Approval Rates Trend Upward

Small business loan approval percentages at big banks (more than $10 billion in assets) rose slightly to 13.5% in March from 13.3% in February 2021, according to the Biz2Credit Small Business Lending Index. read more

NACM’s March Credit Managers’ Index Better Than Expected

The National Association of Credit Management’s Credit Managers’ Index (CMI) gained two points in March. Following four months of fluctuations, the March CMI reached its second-highest combined score in a year. read more

ISM: Economic Activity in Hospital Subsector Improves in March

Economic activity in the hospital subsector grew in March for the 10th consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

ISM: Services Sector Activity Grows in March as PMI Reaches All-Time High

Economic activity in the services sector grew in March for the 10th month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

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

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