Economy

Survey: U.S. CFOs Express Decline in Economic Optimism

CFOs, especially in the U.S., remain uncertain about the future of the economy, according to the latest CFO Outlook Survey from Financial Executives International and Baruch College's Zicklin School of Business. read more

Bloomberg: World Economy in Best Shape Since 2011

Bloomberg reported that according to an investor poll, the world economy is in its best shape in 18 months as China’s prospects improve and the U.S. looks likely to avoid the fiscal cliff. read more

Beige Book: Economy Expands at Measured Pace

According to the Fed's recently released Beige Book, reports from the twelve districts indicated that economic activity expanded at a measured pace in recent weeks. read more

Private Companies Increase Forecasts Amid Tempered Optimism

In Q3, PwC's Private Company Trendsetter Barometer survey found that private companies increased their projected revenue growth rate for the next 12 months. Optimism about the U.S. economy, however, remained "tempered." read more

WSJ: U.S. Companies Cut Spending Plans

The Wall Street Journal reported that U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery. read more

Bloomberg: Q3 GDP Probably Increased to 2.9%

Bloomberg reported, according to economists at Goldman Sachs and Barclays, that gross domestic product probably increased at about a 2.9% annual rate during the period July-September. read more

Treasuries See U.S. Falling Over Cliff as Yields Converge

Bloomberg reported the biggest Treasury rally in five months is underlining market concern that a divided Congress will fail to avert $607 billion in mandated spending cuts and tax increases starting January 1. read more

WSJ: Pressure Rises on Fiscal Crisis

The Wall Street Journal reported that the CBO detailed new warnings that if Washington policy makers don’t act before the end of the year, the economy would contract in 2013 and the unemployment rate would surpass 9%. read more

WSJ: Economic Unease Looms After Obama Win

The Wall Street Journal noted in a post-election article that freshly re-elected President Barack Obama confronts an economy that remains held back by fiscal and regulatory uncertainties and slowing global growth. read more

ISM: October Services Sector Activity Grows at Slower Rate

The Institute for Supply Management said its Non-Manufacturing Index registered 54.2% in October, lower than the 55.1% registered in September, indicating continued growth at a slightly slower rate. read more

Bloomberg: Economy Set to Improve No Matter Who Wins

Bloomberg reported that no matter who wins the election tomorrow, the economy is on course to enjoy faster growth in the next four years as the headwinds that have held it back turn into tailwinds. read more

U.S. Employment Increases; Jobless Rate Unchanged

The Labor Department said U.S. employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9%. Employment rose in professional and business services, healthcare
and retail trade. read more

ADP: Private Sector Adds 158,000 Jobs in October

According to the October ADP National Employment Report, private sector employment increased by 158,000 from September to October, led by service providers that added 144,000 jobs. read more

ISM: Manufacturing Sector Expands in October

Economic activity in the manufacturing sector expanded in October for the second consecutive month following three months of slight contraction, according to the latest Manufacturing ISM Report on Business. read more

Fed Notes Moderate Economic Growth, Takes No New Action

In a news release, the FOMC said that since it last met in September economic activity has continued to expand at a moderate pace. The Fed said it will maintain its current stimulus measures and take no new action at this time. 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