Economy

Fitch: U.S. Jobs Report Supports Continued Monetary Easing

Fitch Ratings said that U.S. employment growth in May likely signals a continuation of Fed asset purchases and monetary easing as questions persist about the fundamental health of the U.S. economy. read more

Duke/CFO Survey: CFOs' Confidence in U.S. Economy Grows

The latest Duke University/CFO Magazine Global Business Outlook Survey showed that optimism among CFOs about the U.S. economy is now above the long-run average for only the second time since 2007. read more

ISM: Services Sector Grows in May

The Institute for Supply Management said its Non-Manufacturing Index registered 53.7% in May, higher than the 53.1% registered in April, indicating continued growth at a slightly faster rate in services sector. read more

Beige Book: Manufacturing Expands in Most Districts

According to the Federal Reserve’s recent Beige Book, overall economic activity increased at a modest to moderate pace since the previous report, with manufacturing expanding in most districts. read more

Manufacturing Contracts For First Time Since November 2012

Economic activity in the manufacturing sector contracted in May for the first time since November 2012, according to the latest Manufacturing ISM Report On Business. read more

S&P/Case-Shiller: Home Prices See Strong Gains in Q1/13

S&P/Case-Shiller Home Price Indices Data through March 2013 showed that the national, 10-city and 20-city composites increased by 10.2%, 10.3% and 10.9%, respectively. read more

New Durable Goods Orders Rise 3.3% in April

In its latest report on manufacturers’ shipments, inventories and orders, the U.S. Census Bureau said new orders for durable goods in April increased $7.2 billion or 3.3% to $222.6 billion. read more

Bloomberg: Durable Goods Orders Probably Rose in April

Bloomberg reported that based on the median forecast from 78 economists surveyed, orders for durable goods probably increased in April after falling by the most in seven months as companies invested in aircraft and capital equipment. read more

Fed Continues to Keep Stimulus in Place

According to the minutes from the April 30-May 1 FOMC meeting, all but one member judged that a highly accommodative stance of monetary policy was warranted in order to foster a stronger economic recovery in a context of price stability. read more

Bloomberg: Confidence in Economy Highest in Six Years

Bloomberg reported that consumer confidence in the economy increased to its highest index since July 2007. Bloomberg also noted that according to a poll, the economy will continue to recover until at least 2015 without tumbling into a recession. read more

NFIB Survey: Small-Business Owner Roller Coaster Continues

The National Federation of Independent Business said that its Index of Small Business Optimism rose in April; however, far more of those surveyed expect business conditions to be worse in six months than those who think they will be better. read more

Fed Keeps Stimulus in Place

The FOMC said that it will continue buying securities at a pace of $85 billion a month and maintain a low range for the federal funds rate as long as unemployment remains above 6.5% read more

PayNet: Small Business Lending Falls in March

PayNet said small business owners lack a bullish outlook on business expansion, as the Thomson Reuters/PayNet Small Business Lending Index decreased to 98.5 in March from a revised 105.4 in February. read more

CFO: Big Banks Not Ready to Stand on Own

CFO reported that new Senate legislation and a report from the inspector general of TARP address the unsolved problem of U.S. megabanks deemed "too big to fail." read more

U.S. GDP Rises 2.5% in Q1/13

Real GDP accelerated in Q1/13, increasing 2.5% after increasing 0.4% in Q4/12, according to the BEA. The pick-up was largely accounted for by a rebound in inventory investment. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

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