Economy

TD Bank: Small Businesses Plan for Better Financial Health

Nearly half of small businesses expect their financial health to improve in 2013 and are confident that sales will increase over 2012, according to a new survey released by TD Bank. read more

Small Businesses Leading Nation's Economic Recovery

The economic environment is turning around for America's small businesses despite some lingering challenges from the recession, according to a new report by the U.S. Small Business Administration Office of Advocacy. read more

BofA Survey: U.S. CFOs Remain Cautious About Economy

Financial executives at U.S. companies continue to be concerned about the economy, with only two out of five executives expecting growth in 2013, according to the Bank of America Merrill Lynch 2013 CFO Outlook. read more

TD Survey: CFOs Optimistic for Corporate, Economic Growth

A new national survey from TD Bank reveals that both middle-market and corporate CFOs are optimistic for macroeconomic and business growth at a level unseen since the height of the Great Recession. read more

ISM: Services Sector Growth Slips Slightly in January

The Institute for Supply Management said its Non-Manufacturing Index registered 55.2% in January, 0.5 percentage point lower than the seasonally adjusted 55.7% registered in December. read more

ISM: Manufacturing Expands for Second Month

Economic activity in the manufacturing sector expanded in January for the second consecutive month, and the overall economy grew for the 44th consecutive month, according to the latest Manufacturing ISM Report On Business. read more

WSJ: Analysts Fight Bank CEOs' Pessimism

The Wall Street Journal reports that the heads of major U.S. banks are sounding cautious notes about the next 12 months; however, some analysts tracking their companies don't share the bankers' persistent unease. read more

U.S. Adds 157,000 Jobs; Unemployment Rate Unchanged at 7.9%

The Labor Department said U.S. employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9%. Retail trade, construction, healthcare and wholesale trade added jobs over the month. read more

R-Word for 2013 U.S. Economy is Rebound Not Recession

Bloomberg notes in a commentary on the news that GDP contracted slightly in the fourth quarter that economists were using the “R” word to mean rebound not recession. read more

ISM: Manufacturing Expands For Third Time in Seven Months

Economic activity in the manufacturing sector expanded in December, indicating expansion for only the third time in the last seven months, according to the latest Manufacturing ISM Report On Business. read more

Bipartisan House Backs Tax Deal

Bloomberg said the U.S. House passed a bill undoing income tax increases for more than 99% of households, giving a victory to President Obama even as Republicans vowed to fight him in coming weeks for spending cuts. read more

Mid-Market Leaders Identify Fiscal Cliff Outcome Preferences

Middle-market business leaders identified deficit reduction, additional cuts to government spending and reform to the corporate tax code as their top Fiscal Cliff outcome preferences in a survey from the National Center for the Middle Market. read more

NABE: Modest But Accelerating Growth in 2013

In its latest survey of top forecasters, the National Association for Business Economics said economists believe the U.S. will see modest growth in 2013 with strength coming from a further rebound in housing that will help offset weakness in business investment. read more

Mid-Market Businesses Share Bleak Post-Election Outlook

According to the latest KeyBank Middle Market Business Sentiment survey, more than two-thirds (67%) of middle-market executives have a fair to poor outlook for the U.S. economy in the next 12 months. read more

U.S. Small-Business Owners Pull Back Capital Spending

According to a Wells Fargo/Gallup small business survey, U.S. small-business owners' net capital spending intentions for the next 12 months plunged to their lowest levels in more than two years. read more

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Terry Mulreany
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