Economy

NRA: Restaurant Industry Outlook Softened in May

The National Restaurant Association reported that as a result of softer same-store sales and traffic levels and an erosion of optimism among restaurant operators, the outlook for the restaurant industry softened in May. read more

ISM: Manufacturing Activity Expands for 23rd Straight Month

Economic activity in the manufacturing sector expanded in June for the 23rd consecutive month, according to the June 2011 Manufacturing ISM Report On Business. read more

Commentary: Business Investment Seen As Strengthening

In a commentary that appeared in a post on MarketWatch, the author notes that the rise in durable-goods orders and capital equipment shipments in May contradicts the worrisome national and regional surveys seen recently. read more

Bloomberg: U.S. Economy Grew 1.9% in First Quarter

Bloomberg reports the U.S. economy grew at a 1.9% in the first quarter, marking the start of what Federal Reserve policy makers project is a temporary slowdown in growth. read more

Beige Book: U.S. Economic Activity Continues to Expand

U.S. economic activity generally grew in April and May, according to the Federal Reserve's Beige Book report. Loan demand and credit standards were reported to be mixed to slightly improved. read more

Growth Outlook Remains Positive, Economic Sentiment Dampens

The Corporate Executive Board released results from its quarterly Business Barometer survey, which indicated that while businesses continue to project growth, positive economic sentiment has dampened and hiring expectations have dropped by 13% points among U.S. executives. read more

ARTBA: Contractors Counting On Passage of Highway Bill

According to a survey conducted by the American Road and Transportation Builders Association, contractors continue to deal with a very challenging economic environment that is impacting employment and capital spending decisions. read more

ISM Forecast: Manufacturers Expected to Spend 17.9% More in 2011

In their latest economic forecast, the ISM notes that survey respondents expect a 17.9% increase in capital expenditures in 2011, which is greater than the December forecast when members predicted an increase of 14.5% this year. read more

KPMG: Energy Execs See U.S. Oil Over $121 Per Barrel

According to the results of this year's KPMG energy survey, energy executives expect continued volatility in the price-per-barrel of oil for the remainder of this year, with most predicting crude prices to exceed $121 per barrel. read more

Survey: CFO Economic Optimism Down Slightly in U.S. And Europe

Despite a small dip in confidence, U.S. executives' optimism remains stable as they expect large gains in net earnings in the next 12 months. With expectations of increasing oil prices, CFOs overall see inflation as a mounting concern, according to the quarterly "CFO Outlook Survey." read more

Wells Fargo Survey: Small Business Optimism Declines

After two consecutive quarters of increased optimism, the latest Wells Fargo/Gallup Small Business Index survey revealed a decline in small business owner optimism from Q1 2011 levels. read more

U.S. Services Sector Grows for 17th Straight Month in April

Economic activity in the U.S. service sectors grew for the 17th consecutive month in April, according to the Institute for Supply Management's latest Report on Business Non-Manufacturing Index. read more

Manufacturing Leading U.S. Economy on Exports, Inventories

Bloomberg reported that manufacturing expanded faster than forecast in April, driven by gains in exports and inventories that keeping the industry at the forefront of the U.S. economic expansion. read more

Bloomberg: New Jobless Claims Rise to Three-Month High

According to a Bloomberg article, initial claims for unemployment benefits in the U.S. grew last week to the highest level in three months, signaling a slower labor market recovery than previously expected. read more

Beige Book: U.S. Economic Activity 'Continues to Improve'

U.S. economic activity grew in March and early April, according to the Federal Reserve's Beige Book report. read more

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