Economy

ELFF: Industry Execs Wary over Political Uncertainty

The release of the June 2016 Monthly Confidence Index from the ELFF revealed that confidence in the industry eased for the second consecutive month, falling to 52.3 from the 55.1 mark recorded in May. read more

April Manufacturing Technology Orders Down 27.5% Y/Y

Manufacturing technology orders for April 2016 were down 27.5% compared to the same month a year ago, according to the latest report from the AMT. read more

Global Growth Forecast Again Revised Lower to 2.4%

The World Bank downgraded its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. read more

Bloomberg: 2016 Business Investment Expected to Stall

Bloomberg reported economic growth will fall in 2016 to its slowest pace in four years due to uncertainty about the presidential election. read more

Non-Manufacturing Sector Activity Grows Despite Dip in NMI

The NMI registered at 52.9% in May, down 2.8 percentage points from the April reading of 55.7%. However, according to the ISM, activity in the non-manufacturing segment grew for the 76th consecutive month. read more

Small Business Lending Index Suffers Largest Y/Y Downturn Since 2009

The April 2016 Thomson Reuters/PayNet Small Business Lending Index (SBLI) fell to 129.0, down 8% compared to the same month from a year ago, marking the largest year-over-year decrease since December 2009. read more

ISM Reports Expansion in Manufacturing Sector for Third Straight Month

The Institute for Supply Management’s May PMI came in at 51.3%, which is a 0.5 percent increase from the April reading of 50.8%. read more

April New Orders Up 3.4%; Transportation Leads Shipments

The latest report on new orders for manufactured durable goods in April shows an increase of $7.7 billion or 3.4% to $235.9 billion. Transportation equipment leads increase in shipments. read more

ISM Says Economic Growth Will Continue in 2016

Economic growth is expected to continue in the U.S. throughout the remainder of 2016, according to the results of the Spring 2016 Semiannual Economic Forecast from the Institute for Supply Management.  read more

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

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