Economy

ISM January Index Shows Sharp Drop in New Orders

According to the Institute for Supply Management, American manufacturers said new orders from customers slowed sharply in January after hitting more than a four-year high in December. read more

Balboa Survey: Small Businesses to Increase Investment Goals

A new national survey conducted by Balboa Capital reveals that business owners and equipment dealers are planning to increase marketing initiatives and invest in new equipment. read more

Phoenix Management: Lenders Optimistic on Economy

Lenders anticipate borrowers will make new capital investments, acquisitions and hires, while expectations for loan losses, bankruptcies, unemployment and bank failures are at near all-time lows, according to the Q4 Phoenix Management “Lending Climate in America” Survey. read more

PwC: U.S. Manufacturers Optimistic About Economy in 2014

U.S. industrial manufacturers expressed optimism about the U.S. economy and toward the broader world economy, which has reached the highest level since Q4/10, according to the PwC US Q4 2013 Manufacturing Barometer. read more

Direct Capital Small Business Index Predicts Growth in 2014

The small business economy finished 2013 on a high note and shows clear signs of making further gains in 2014, according to the Small Business Lending Index released by Direct Capital. read more

U.S. Job Growth Slows; Unemployment Falls to 6.7% in Dec.

The Labor Department said U.S. employment rose by 74,000, and the unemployment rate declined from 7.0% to 6.7% in. Employment rose in retail trade and wholesale trade but was down in information. read more

ISM: Services Sector Activity Slows in December

The Institute for Supply Management said its Non-Manufacturing Index registered 53% in December, 0.9 percentage point lower than November's reading of 53.9%, indicating continued growth at a slightly slower rate. read more

Bloomberg: Economic Growth to Accelerate in 2014

Bloomberg reported that U.S. economic growth will accelerate this year even as the pace of expansion remains sub-par almost five years after the end of the recession. read more

ISM: December Manufacturing Index Second Highest of '13

The Institute for Supply Management said activity in the manufacturing sector registered its second highest level for 2013 in December. read more

November Construction Spending Up 5.9% Y/Y

The Department of Commerce said construction spending during November 2013 was estimated at $934.4 billion, 5.9% above the November 2012 estimate of $882.7 billion. read more

PayNet: Small Business Investment Increases in November

The latest results of small business trends prepared by PayNet registers another increase for small business investment. At the same time, small businesses exhibited a slight increase in delinquent payment of loans and leases. read more

Fitch: High Yield Default Rate to ‘Remain Steady’

Fitch Ratings said it projects that the U.S. high yield default rate will remain in a range of 1.5%-2.0% in 2014. Fitch said the key pillars of a low default rate environment – credit availability and good corporate fundamentals – “remain steady.” read more

November Durable Goods Orders Outpace Expectations

The Commerce Department reported that new orders for manufactured durable goods in November increased $8.2 billion or 3.5%. The New York Times notes in a related story, the increase outpaced economists’ expectations for a 2% rise. read more

U.S. GDP Growth Accelerates in Q3

Real gross domestic product increased 4.1% in Q3/13, according to estimates released by the Bureau of Economic Analysis. read more

Fed to Taper Bond Buying; Rates Remain Low

The Federal Reserve said it will reduce its monthly bond buying purchases by $10 billion beginning in January and will keep the target range for the federal funds rate at 0 to 0.25% 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