Economy

ISM: Services Sector Slows, Manufacturing Hits 2013 High

The Institute for Supply Management said growth in the non-manufacturing sector slowed in November but the manufacturing sector reached its highest index reading so far this year. read more

PayNet: Small Businesses Poised for Growth

The latest Thomson Reuters/PayNet Small Business Lending Index indicated positive signs for the economy with solid expansion at low risk for the next few months. read more

Bloomberg: Black Friday Spending Drop First Since 2009

Bloomberg reported that the first spending decline on a Black Friday weekend since 2009 reinforced projections for a lackluster holiday, increasing chances retailers will extend discounts already hurting profit margins. read more

Durable Goods Orders Drop 2% in October

New orders for manufactured durable goods in October decreased 2%, according to the U.S. Census Bureau. Transportation equipment led the decrease. read more

Wells Fargo: Small Businesses Optimistic Despite Challenges

Small business optimism remained unchanged in Q4/13, although owners said finding new business and the economy are among their biggest challenges, according to the Wells Fargo/Gallup Small Business Index. read more

Deloitte: Mid-Market Companies Resilient Despite Uncertainty

Despite the strong performance of mid-market companies, ongoing obstacles, such as government budget challenges, continue to concern executives, according to a recent survey from Deloitte. read more

Fed Keeps Stimulus in Place; Awaits Sustained Recovery

The Federal Reserve said it will maintain its $85 billion monthly bond purchases until it sees more evidence that economic improvement will be sustained. read more

PayNet: Small Business Growth Steady But 'Unspectacular'

The September release of small business investment trends prepared by PayNet illustrates the small business economy is experiencing unspectacular but steady expansion. read more

Aircraft Demand Drives Rise in Durable Goods Orders

New orders for manufactured durable goods in September increased $8.2 billion, or 3.7%, according to the U.S. Census Bureau. Transportation equipment drove the increase, led by nondefense aircraft and parts. read more

Transport Topics: Economy, Trucking to Improve in 2014

Transport Topics reported that trucking and U.S. economic trends are continuing to show a slow but steady improvement that is likely to carry into 2014. read more

Beige Book: Business Spending Plans Show Improvement

According to the Fed’s recently released Beige Book, several districts noted improvement in capital spending plans with Cleveland and Chicago indicating capital outlays for productivity enhancing investments. read more

Small Business Lending Demand Regains Strength in September

After a lull in July and August, demand for small business lending returned in September, according to the monthly Small Business Lending Index released by Direct Capital. read more

Corporate Profit Growth Slows Amid Shutdown Risks

Bloomberg reported that prospects for a recovery in U.S. corporate profits this year are dimming after third-quarter earnings growth slowed and the federal government’s shutdown hindered trade. read more

SNL: Only Three of 22 Bank Failures Involve Loss-Share Deals

SNL Financial reported that only three of the 22 bank failures thus far in 2013 have involved a loss-share agreement. In 2012, the FDIC entered loss-share agreements with the buyers of 20 of the closed banks. read more

MAPI: Manufacturing Sector Posts Third Straight Advance

According to the quarterly MAPI Business Outlook, widespread improvement in a number of indexes suggests optimism for the manufacturing sector in the next three to six months. read more

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