Economy

Manufacturers Project 10-15% Rise in Cost of Retail Goods

A recent Capital Business Credit survey of manufacturers and importers of consumer goods reveals increased costs will affect the entire retail supply chain upwards of 10% by this summer. read more

Huntington Economist Expects Manufacturing Employment Rise

Robust manufacturing job growth is expected this year with more than 102,000 manufacturing jobs already added in the first quarter, according to a U.S. economic forecast released by George Mokrzan, senior economist for Huntington. read more

Semiconductor Capital Spending Expected to Climb to $60.4B

IC Insights said it has boosted its forecast for semiconductor industry capital spending in 2011 and now expects outlays to climb to $60.4 billion, a 17% increase compared to what the industry spent in 2010. read more

Consumer Confidence Falls 2.6 Points in March

Consumer confidence fell for the second straight month in March, as high gas prices correlated with discouraging consumer views about the direction of the U.S. economy, according to the Discover U.S. Spending Monitor. read more

U.S. Manufacturing Continues Solid Growth

The ISM manufacturing index showed that U.S. manufacturing expanded in March for the 20th consecutive month. read more

March Unemployment at Two-Year Low

The Department of Labor reports the March unemployment rate fell to a two-year low of 8.8% and that employers added 216,000 jobs, the largest gain since May 2010. read more

CEOs Forecast Increased Sales, Capital Spending, Employment

According to the results of Business Roundtable's first quarter 2011 CEO economic outlook survey, the CEOs of America's leading companies anticipate higher sales, and plan to increase capital expenditures and employment over the next six months. read more

CFO: Business Failures Down, But Not Done

CFO magazine notes business failures overall have been declining despite recent headlines on a few high profile bankruptcies. An executive from D&B is quoted as saying "There's still a high degree of failure risk in the system." read more

Most Small Business Owners Still Looking for Recovery

Discover's monthly barometer of economic confidence noted that more than half of small business owners are saying the U.S. economy is getting worse, up from 41% in February. read more

Companies Accelerate Spending as U.S. Productivity Bypasses Jobs

Bloomberg notes in a recent story that companies are accelerating equipment purchases to boost productivity, reinforcing a unprecedented gap between capital spending and employment in the U.S. read more

Healthcare Contributes Largest Share of Public Finance Defaults

Fitch notes in a new study on public finance securities that over the period 1999-2010, the agency recorded 11 U.S. defaults with the healthcare sector contributing all but two of the Fitch-rated defaults. read more

U.S. Durables Orders Slip, But Capital Spending Growth Continued

The Commerce Department said new orders for durable goods fell 0.9% in February, which was below market expectations. However, on a more positive note, shipments rose modestly indicating that business capital spending continued to grow in the first quarter. read more

Frank Proposes $2.5 Billion Levy on Largest Banks, Hedge Funds

Bloomberg reported that U.S. House Democrats are looking to JPMorgan Chase, Goldman Sachs and Bank of America to pick up the tab for housing programs targeted by Republican budget cuts. read more

Unemployment Claims Four-Week Average Lowest Since July 2008

The Department of Labor announced that in the week ending March 12, 2011 the advance figure for seasonally adjusted initial claims was down from the previous week. The 4-week moving average was at its lowest level since July 2008. read more

Treasury: More Than 99% of TARP Investments Now Recovered

The Treasury Department said that with the repurchase of TARP investments this week, U.S. taxpayers have now recovered more than 99% of the $245 billion in funds disbursed for TARP investments in banks. read more

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