Economy

ISM: Economy Continues to Grow for 121st Consecutive Month

Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 121st consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report on Business. read more

Fed to Keep Interest Rates Steady in 2019

Information received since the FOMC met in March indicates that the labor market remains strong and that economic activity rose at a solid rate. The Fed has subsequently decided to maintain the target range for the federal funds rate at 2.25% to 2.5%. read more

Survey: Small Business Owners Confident in Growth Prospects

Small business owners across the U.S. expect larger increases in revenue this year than in 2018, despite growing trepidation about the national economy and inflation, according to a recent TD Bank survey. read more

Strong Economy, Moderate Growth Sends Mixed Signals to CV Industry

In the latest ACT Research Commercial Vehicle Dealer Digest, ACT noted that the overall economic picture remains largely unchanged, with growth moderating in 2019 from last year’s vigorous pace. read more

Survey: Restaurants will Add 1.6 Million New Jobs by 2029

The National Restaurant Association released its 2019 State of the Restaurant Industry Report that examines significant forces impacting and shaping the restaurant industry. Key findings surrounding economic conditions include: Restaurant industry sales are forecast to reach $863 billion in 2019;... read more

OnDeck Survey: Small Business Owners Mixed On Tax Cut Benefits

A new survey of more than 1,200 small business owners by OnDeck
finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Sixty-three percent of respondents plan to invest in new equipment/leases. read more

Gartner: U.S. Companies Prepare for Potential Recession

Analysis of S&P 500 2018 earnings transcripts shows fading exuberance among corporate executives as the year progressed, according to Gartner. read more

Y/Y Average Earnings Growth Surpasses 3% for 7th Straight Month

According to the U.S. Department of Labor, wage gains hit their highest mark since April 2009, at 3.4% year over year, while the year over year average hourly earnings growth surpassed 3% for seventh consecutive month. read more

ISM: Non-Manufacturing Sector Grows in February

Economic activity in the non-manufacturing sector grew in February for the 109th consecutive month, according to the latest Non-Manufacturing ISM Report on Business. read more

ISM Report: Economic Expansion Continues for 118th Consecutive Month

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 118th consecutive month, according to the latest Manufacturing ISM Report on Business. read more

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

Fed Continues to See Labor Market Strength, Growing Economic Activity

Information received after the Federal Open Market Committee December meeting indicates that the labor market continues to strengthen and economic activity is rising at a solid rate. Therefore, the Committee decided to maintain the federal funds target range at 2.25% to 2.50%. read more

Survey: Corporations in Debt Default on the Rise

Reuters reported corporations are expected to default on debt at higher rates as economic growth drops and political trouble increase, according to an International Association of Credit Portfolio Managers survey. read more

Total Bankruptcy Filings Drop 2% in 2018; Commercial Chapter 11s Dip 5%

Total bankruptcy filings during calendar year 2018 decreased 2% from 2017, according to data provided by Epiq Systems. read more

ISM: Manufacturing Activity Up in December, 116-Month Expansion Continues

Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 116th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM Report On Business. read more

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