Economy

Survey: CFOs Less Optimistic About Economy, Growth

Financial executives at U.S. companies remain concerned about the current economy and are less confident about economic growth in 2012, according to the latest Bank of America Merrill Lynch CFO Outlook survey. read more

Bank Credit Growing at Fastest Pace in Three Years

Bloomberg reported that U.S. bank credit is growing at the fastest pace in three years, giving the Federal Reserve confidence in the economic expansion's staying power. read more

Survey: CFOs Plan to Increase Capital Expenditures in 2012

According to a TD Bank survey, three-quarters of financial decision makers at mid-sized companies said they expect sales to increase over the next 12 months despite lingering economic headwinds, with half (51%) expecting to increase their capital expenditures in 2012, up from 39% last year. read more

U.S. Services Sector Growth 'Slightly Slower' in November

Economic activity in the non-manufacturing sector grew in November for the 24th consecutive month, according to the ISM's Non-Manufacturing Index. The NMI registered 52% in November, 0.9 percentage point lower than the 52.9% registered in October. read more

Beige Book: Economy Grows Slowly; Lending Increases Slightly

The Fed said overall economic activity increased at a slow to moderate pace across all districts except St. Louis, since the last Beige Book was released on October 19. Overall bank lending activity increased slightly, with New York, Philadelphia, Cleveland and Kansas City reporting increased loan demand. read more

Black Friday Weekend Shoppers Spend Record $52 Billion

According to a National Retail Federation survey, traffic and spending were up both online and in stores, reaching historic highs. The NRF said total spending reached an estimated $52.4 billion, helping to secure this weekend's place in the record books. read more

PNC Christmas Price Index on Track With Economic Indicators

In its 28th annual Christmas Price Index, PNC Wealth Management said a sluggish economy coupled with weak demand has kept the PNC/CPI to moderate gain of 3.5% in the whimsical economic analysis based on gifts in the holiday classic, "The Twelve Days of Christmas." read more

CIT: Retail Execs Expect Holiday Sales Greater/Equal to '10

According to the third annual Retail Finance Outlook study released by CIT Group, 80% of retail executives expect their holiday sales to increase or remain the same as last year. read more

Survey: U.S. CFOs Give Obama 'F' Grade for Economy

According to a survey of CFOs conducted by Financial Executive International and Baruch College's Zicklin School of Business, U.S. CFOs are highly critical of their President, giving him a failing grade for his handling of the economy, healthcare and unemployment. read more

SF Fed: Recession Risks Will Abate Beginning 2H 2012

In its most recent Economic Letter, the San Francisco Fed notes "The U.S. economy is fragile with limited ability to withstand shocks. Yet, as the economy strengthens, recession risks will gradually abate beginning in the second half of 2012." read more

Bloomberg: Capital Spending in U.S. Nears 2008 Level

Bloomberg reported that capital spending at U.S. companies is at the highest level since 2008 as upgrades to plants, property and equipment show some executives embracing the likelihood that the economy will avert recession. read more

U.S. Adds 80,000 Jobs in October; Unemployment 9%

In October the U.S. added 80,000 payroll jobs, compared to 158,000 in September, the Bureau of Labor Statistics reported. The unemployment rate was little changed at 9.0%, from 9.1% in September, with 13.9 million unemployed. read more

U.S. Services Sector Growth 'Slightly Slower' in October

Economic activity in the non-manufacturing sector grew in October for the 23rd consecutive month, according to the ISM's Non-Manufacturing Index(NMI). The NMI registered 52.9% in October, 0.1 percentage point lower than the 53% registered in September. read more

Fed Holds Policy Steady; Equipment/Software Investment Expands

The FOMC reported that since it met in September economic growth strengthened somewhat in Q3 and business investment in equipment and software continued to expand. The FOMC will continue to extend the average maturity of its holdings of securities. read more

Q3 GDP Nearly Doubles; Equipment/Software Investment Rises 17%

Real GDP increased 2.5% in Q3/11, after increasing 1.3% in Q2/11, said the Bureau of Economic Analysis. Investment in equipment and software grew 17.4%, reflecting contributions from construction and agricultural machinery. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com