Economy

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

ISM Report: New Orders, Production & Employment Growing

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 113th consecutive month. read more

Credit Managers’ Index Improves, Forecast Remains Unstable

September’s Credit Managers’ index saw growth across all sectors and most categories, but this growth may not last, according to NACM Economist Chris Keuhl. read more

Fed Raises Interest Rates in Response to Strong Economic Activity

The Federal Reserve raised the target range for the federal funds rate to 2% to 2-1/4% in view of realized and expected labor market conditions and inflation. read more

ELFA: August New Business Volume Up 14% Y/Y

According to the ELFA Monthly Leasing and Finance Index, overall new business volume stood at $8.9 billion in August, a 14% increase year-over-year. read more

ELFF: Trucking Industry to Remain Strong for Next Year

The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to the 2018-2019 Vertical Market Series – Road Transportation. read more

Economic Activity Expands, Economy Grows for 112th Consecutive Month

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month. read more

Nonfarm Payroll Employment Increases, Rate Unchanged at 3.9%

The U.S. Bureau of Labor Statistics reported total nonfarm payroll employment increased by 201,000 in August, and the employment rate was unchanged at 3.9%. read more

Economy: New Orders, Production and Employment Growing

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month, according to U.S. supply executives in the latest Manufacturing ISM Report on Business. read more

NACM: August Sees CMI Climb after Summer Dip

Two months of dwindling results on NACM’s Credit Managers’ Index ended in August with a slow but steady climb in new credit applications and dollar collections in the manufacturing and service sectors. read more

Small Business Index: Access to Capital Strong Amid Record High Optimism

According to the Q3 MetLIfe & U.S. Chamber of Commerce Small Business Index, a majority of small business owners have a positive outlook about their company and the small business environment in the U.S. read more

GDP Increases at Annual Rate of 4.2% in Q2/18

Real gross domestic product increased at an annual rate of 4.2% in Q2/18, according to the second estimate released by the Bureau of Economic Analysis. read more

Small Business Optimism Reaches Near High in July

The NFIB Research Foundation’s Small Business Optimism Index reached a near all-time high for the month of July 2018, reflecting on-going trends in the business community. read more

Wells Fargo Survey: Small Business Optimism Hits Record High

Small business optimism is at an all-time high, according to the latest quarterly Wells Fargo/Gallup Small Business Index, conducted July 11-18, 2018. read more

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Terry Mulreany
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