Economy

August Chapter 11 Filings Down 32% Year/Year

The American Bankruptcy Institute reported August commercial chapter 11 filings decreased from the same year-ago month as 362 filings were 32% less than the 534 chapter 11 filings registered in August 2015.   read more

U.S. Small Business Investment Declines, Delinquency Increases

The July 2016 Thomson Reuters/PayNet Small Business Lending Index decreased to 121.5 in July from 139.2 in June. The SBLI is down 16% year-over-year, the largest decrease since October 2009. read more

Durable Goods Orders Increase 4.4%, End Two Month Slide

New orders for manufactured durable goods in July increased $9.7 billion or 4.4% to $228.9 billion, following two consecutive monthly decreases, according to the U.S. Census Bureau. read more

Philadelphia Fed Manufacturing Index Positive in August

The Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey indicated that growth in the manufacturing sector is weak. General activity and shipments were positive, while new orders and employment were negative. read more

Fed Minutes: Momentum Building for Rate Hike

According to the minutes from the Federal Open Market Committee's July meeting in Washington, some of those who attended the meeting think that another increase of the federal funds rate was or would soon be warranted. A couple even went so far as to advocate an increase at the meeting. read more

Balboa Survey Shows 70% of Small Business Owners Expect Revenues to Rise

Balboa Capital released the results of its Q2/16 small business owner survey, which indicates that while fewer SBOs reported revenue increases, many of them are feeling optimistic about their companies. read more

Canadian Small Business Investment in June Declines 16% Y/Y 

The PayNet Canadian Small Business Lending Index (CSBLI) decreased 3% to 113.9 in June 2016 from 117.7 in May 2016. Compared to June 2015, the index is down 16%. read more

PayNet Lending Index Up M/M, Down Y/Y for Third Consecutive Month

The June release of the Thomson Reuters/PayNet SBLI increased to 138.9 from 131.1 in May, illustrating the largest monthly increase in the SBLI since February 2016. However, the index is down 5% compared to June 2015. read more

Wells Fargo/Gallup Small Business Index: Optimism Highest Since 1/15

The latest Wells Fargo/Gallup Small Business Index showed the highest optimism reading since January 2015. read more

July Non-Manufacturing Indices Indicate Expansion for 78th Straight Month

According to the ISM’s latest report on non-manufacturing, economic activity in the sector grew in July for the 78th consecutive month. read more

Manufacturing Sector Expands for Fifth Straight Month

According to the latest manufacturing report from the ISM, economic activity in the sector expanded in July for the fifth consecutive month, while the overall economy grew for the 86th consecutive month. read more

Durable Goods Orders Fall 4% in June

According to the U.S. Census Bureau, new orders for manufactured durable goods in June decreased $9.3 billion or 4.0% to $219.8 billion. This decrease, down two consecutive months, followed a 2.8% May decrease. read more

Financial Industry Adds 16,000 Jobs in June

A report by the U.S. Bureau of Labor Statistics revealed the creation of 16,000 financial jobs for the month of June, a marginal increase of 0.19% over gains made in May. read more

FOMC: Only Gradual Increases in Fed Funds Rate Expected

At their most recent meeting, Federal Reserve policy makers said they expect economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate. read more

Beige Book: Economic Activity Expands Despite Mixed Manufacturing Performance

According to the most recent Beige Book from the Federal Reserve, economic activity continued to expand at a modest pace across most regions from mid-May to the end of June. read more

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Terry Mulreany
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