Economy

Credit Managers’ Index Ends 2018 on Sour Note

Credit professionals reported fewer sales and new credit applications in the December 2018 economic report from the National Association of Credit Management, but the declines in the favorables should be taken with a grain of salt as they are all still well within expansion territory. read more

Bloomberg: U.S. Manufacturing Ends 2018 in a Slump

Bloomberg reported that five Federal Reserve indices of regional manufacturing dropped in December, which could indicate that shaky times are in store for the U.S. economy. read more

Phoenix Lending Survey: Confidence in U.S. Economy Deteriorating

Phoenix Management’s Q4/18 “Lending Climate in America” Survey showed deteriorating confidence in the strength of the U.S. economy with a significant increase in loan losses and bankruptcies. read more

ELFF 2019 Outlook Forecasts 4.1% Investment Expansion, 2.3% GDP Growth

Investment in equipment and software is projected to expand 4.1% in 2019 according to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. read more

Transportation Equipment Drives Drop in October New Orders & Shipments

New orders for manufactured durable goods in October decreased $11.2 billion or 4.3% to $249.0 billion. Transportation equipment drove the decrease. read more

Small Businesses Expanding, Competition for Talent Intensifies

The U.S. small business sector looks to end 2018 on a high note, with most entrepreneurs reporting anticipated year-over-year revenue growth and more indicating plans to hire and expand in 2019, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. read more

Small Business Optimism Soars on Strong Revenues and Cash Flow

Optimism among small business owners jumped significantly in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 129, the highest in the survey’s 15-year history. read more

November CMI Improves, but Unfavorable Factors Draw ‘Consistent Concerns’

November’s report from the National Association of Credit Management saw notable improvements compared to the prior month, yet unfavorable factors may spell trouble for the remainder of 2018 and into the new year. read more

Fed Maintains Interest Rates, Notes Slower Growth of Business Investment

The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2% to 2-1/4% at its November meeting. read more

New Factory Orders Up $3.4B in September

New orders for manufactured goods in September, up four of the last five months, increased $3.4 billion or 0.7% to $515.3 billion, the U.S. Census Bureau reported. This followed a 2.6% August increase. read more

October ISM Manufacturing Report: New Orders, Production, Employment Growing

Economic activity in the manufacturing sector expanded in October, and the overall economy grew for the 114th consecutive month, according to the latest Manufacturing ISM Report on Business. read more

Jobless Claims Drop to Lowest Level Since 1973

According to the Department of Labor, the four-week average of jobless claims reached the lowest level since August 11, 1973. read more

October CMI Falls Sharply as Holiday Season Begins

October’s economic report from the National Association of Credit Management saw significant dips in both the manufacturing and service sectors, indicative of short-term economic bandages like tax cuts wearing off. read more

Q3/18 GDP Rate 3.5%; Past 4 Quarters Up 3%; Up From 2.3% Year-Earlier

The U.S. Department of Commerce reported an estimate of GDP growth rate for Q3/18 was 3.5%. During past four quarters, GDP has risen 3.0%, well above the 2.3% growth during the year-earlier period. read more

PayNet: U.S. Small Business Lending Keeps Rolling in August

According to the latest Strategic Insights Report from PayNet, small business lending continued its blistering pace in August. read more

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