Economy

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

ISM: Manufacturing Sectors Contracts While Economy Grows Again

According to the Institute for Supply Management, economic activity in the manufacturing sector contracted in February for the fifth consecutive month, while the overall economy grew for the 81st consecutive month. read more

PayNet Says January Small Business Lending Declined Sharply 

The January 2016 Thomson Reuters/PayNet Small Business Lending Index (SBLI) registered 118.2, 13% lower than the revised December value of 135. read more

Wells Fargo Small Business Survey Indicates Optimism

The latest Wells Fargo/Gallup Small Business Index rose to 67 in January, a 13-point gain from November’s survey, indicating increased optimism. read more

Bloomberg: Negative Interest Rates Are Sign of Desperation

Bloomberg explains why central banks are resorting to negative interest rates and evaluates the impact. read more

NFIB Survey Shows Stumble in Small Business Optimism

The NFIB’s Index of Small Business Optimism fell to 93.9 in January, marking a 1.3 point drop from the reading in December. read more

PayNet Adds Small Business Default Index to Family of Economic Indicators

PayNet announced its Small Business Default Index, which will gauge small business defaults and signal insolvency across multiple sectors of the economy at the national, state and industry levels. read more

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Terry Mulreany
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