Economy

New Orders, Production, Employment Growing While Inventories Contract

According to the most recent report from the ISM, economic activity in the manufacturing sector expanded in June for the fourth consecutive month, while the overall economy grew for the 85th consecutive month. read more

U.S. Small Business Lending Down in May

The May 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased by 1% in May, falling to 128.6 from the 129.5 April reading. It marks the third consecutive month of decrease. read more

Q1/16 GDP Higher Than Previously Reported

According to the Commerce Department, real gross domestic product increased at an annual rate of 1.1% in the first quarter of 2016, up from the previous estimate of 0.8%. read more

Durable Goods Orders Fall 2.2% in May

Following two consecutive monthly increases, new orders for manufactured durable goods in May decreased $5.3 billion, or 2.2%, to $230.7 billion, according to the U.S. Census Bureau. read more

ELFA: May YTD New Business Volume Down 9%

The ELFA Monthly Leasing and Finance Index showed overall new business volume for May was $6.8 billion, down 7% year/year. Year-to-date new business volume decreased 9% compared to 2015. read more

Yellen: Fed Funds Rate Likely to Remain Low ‘For Some Time’

Federal Reserve head Janet Yellen said the committee expects the fed funds rate to remain below the levels expected for some time because of ‘headwinds.’ read more

ELFF: Industry Execs Wary over Political Uncertainty

The release of the June 2016 Monthly Confidence Index from the ELFF revealed that confidence in the industry eased for the second consecutive month, falling to 52.3 from the 55.1 mark recorded in May. read more

April Manufacturing Technology Orders Down 27.5% Y/Y

Manufacturing technology orders for April 2016 were down 27.5% compared to the same month a year ago, according to the latest report from the AMT. read more

Global Growth Forecast Again Revised Lower to 2.4%

The World Bank downgraded its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. read more

Bloomberg: 2016 Business Investment Expected to Stall

Bloomberg reported economic growth will fall in 2016 to its slowest pace in four years due to uncertainty about the presidential election. read more

Non-Manufacturing Sector Activity Grows Despite Dip in NMI

The NMI registered at 52.9% in May, down 2.8 percentage points from the April reading of 55.7%. However, according to the ISM, activity in the non-manufacturing segment grew for the 76th consecutive month. read more

Small Business Lending Index Suffers Largest Y/Y Downturn Since 2009

The April 2016 Thomson Reuters/PayNet Small Business Lending Index (SBLI) fell to 129.0, down 8% compared to the same month from a year ago, marking the largest year-over-year decrease since December 2009. read more

ISM Reports Expansion in Manufacturing Sector for Third Straight Month

The Institute for Supply Management’s May PMI came in at 51.3%, which is a 0.5 percent increase from the April reading of 50.8%. read more

April New Orders Up 3.4%; Transportation Leads Shipments

The latest report on new orders for manufactured durable goods in April shows an increase of $7.7 billion or 3.4% to $235.9 billion. Transportation equipment leads increase in shipments. read more

ISM Says Economic Growth Will Continue in 2016

Economic growth is expected to continue in the U.S. throughout the remainder of 2016, according to the results of the Spring 2016 Semiannual Economic Forecast from the Institute for Supply Management.  read more

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Terry Mulreany
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