Economy

New Orders for Durable Goods Increase in March

New orders for manufactured goods in March, up two of the last three months, increased $5.0 billion or 1.1% to $458.4 billion, the U.S. Census Bureau reported. This followed a 1.9% February decrease. read more

ISM: Non-Manufacturing Sector Prices, Orders Grow in April

According to the latest Non-Manufacturing ISM Report on Business, economic activity in the non-manufacturing sector grew in April for the 75th consecutive month. read more

U.S. Small Business Lending Falls, Investment Signals Weaker GDP Growth

The March 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), decreased from 138.9 in February to 135.3 in March. read more

ISM Report Indicates Economic Expansion Despite Drop in New Orders

According to the ISM’s most recent Report on Business, economic activity in the manufacturing sector expanded in April for the second consecutive month, while the overall economy grew for the 83rd consecutive month. read more

Middle Market Business Revenue Rises 6.3% in Q1/16

According to the Q1/16 Middle Market Indicator released by the National Center for the Middle Market, middle market companies reported year-over-year revenue growth of 6.3% in Q1/16. read more

Fed Leaves Interest Rates Alone

In a release, the Federal Reserve said that despite strengthening labor market conditions, low inflation and slowing economic activity has caused it to maintain the target range for the federal funds rate at .25 to .5%. read more

PayNet: Canadian Small Business Originations Down 3% M/M, 6% Y/Y 

According to the PayNet Canadian Small Business Lending Index, originations decreased 3% from 127.0 in January to 123.5 in February. Compared to the same month one year ago, the index is down 6%. read more

Fed Reports Continued Expansion Despite Energy Sector Softness

According to the Federal Reserve’s Beige Book, national economic activity continued to expand in late February and March, although the effects of weakness in the energy sector hurt the labor market and freight volumes. read more

Rental and Leasing Services Employment Falls by 1.6% in March

According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 215,000 in March, but employment in rental and leasing services fell by 1.6%. read more

Small Businesses See Q1/16 Revenue Growth, Plan to Invest Tax Refunds

According to a survey from Balboa Capital, 76% of small business owners reported moderate to significant revenue increases in Q1/16. The survey also found that owners plan to invest tax refunds in their businesses. read more

February Small Business Lending Increases 8% Y/Y

The February release of the Thomson Reuters/PayNet Small Business Lending Index increased to 138.0, marking a 17% increase from January (117.7) and an 8% jump from February 2015. read more

ISM Survey: ‘Requests for New Equipment Proposals Very Strong’

The latest Manufacturing ISM Report on Business shows economic activity in the manufacturing sector expanded in March for the first time in last six months. The report noted that requests for new equipment proposals were very strong. read more

Transportation Equipment Leads February New Orders Decline

According to the U.S. Census Bureau, new orders for manufactured durable goods in February decreased $6.6 billion or 2.8% compared to January. Transportation equipment led the decrease, down 6.2% or $4.9 billion. read more

FOMC: Fed Funds Rate Likely to Remain Below Expected Levels

Fed officials noted at their recent meeting: “The federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run.” read more

PayNet Reports 1% Canadian Originations Decrease in January

According to the PayNet Canadian Small Business Lending Index (CSBLI), originations decreased 1% from 131.1 in December 2015 to 129.6 in January 2016. Compared to the same month one year ago, the Index is down 1%. read more

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