The economic downturn in the U.S. will continue for the rest of 2020, according to the spring 2020 semiannual economic forecast from the Institute for Supply Management.
The Wall Street Journal reported that the rising dollar is thwarting the plans of U.S. manufacturers that export goods.
The U.S. Census Bureau said new orders for manufactured durable goods in June increased $9.9 billion or 4.2%. Transportation equipment, up four of the last five months, led the increase.
According to the ISM’s survey, economic activity in the manufacturing sector expanded in February for the third consecutive month, and the overall economy grew for the 45th consecutive month.
Economic activity in the manufacturing sector expanded in January for the second consecutive month, and the overall economy grew for the 44th consecutive month, according to the latest Manufacturing ISM Report On Business.
Working Capital Solutions’ Tom Siska provides both the yin and the yang for the factoring industry in 2012. The good news: Things will not be as bad as the Great Recession of 2008 and 2009. The bad news: Things will most likely get worse in 2012 before they get better, and no one knows when that will be.
Given the extraordinary credit crisis American businesses have been weathering, we thought that Merchant Factors’ outlook on various borrower sectors is an excellent barometer for commercial finance companies. Adam Winters, the company’s president and CEO offers a sector by sector report card. Some sectors move to the head of the class, some show scant improvement and others aren’t making the grade.