Last updateThu, 19 Jul 2018 4pm


10 Straight Quarters of Tightening Credit for Small Business

Banks are still tightening credit standards for small businesses, but not to the degree they did at the end of last year. That’s according to the Fed’s quarterly survey of senior bank loan officers is just out. More than 40% of banks surveyed said they had raised credit standards for commercial and industrial loans to small firms (under $50M in revenue) in the last three months, but that’s down from 69% in the last survey released in January.

Source: Business Week

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Manufacturing Slowed Less Than Expected in April, Data Show

The manufacturing sector shrank at a slower rate in April than in recent months, new data out today showed, while consumers expressed greater confidence in the economy.

Last month, businesses were still adjusting to the collapse in demand that began last fall, according to a report from the Institute for Supply Management, a private research group. Manufacturers cleared shelves and warehouses at a record pace. But supply managers also said they thought their customers' inventories had fallen too low.

Source: Washington Post

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Texas Manufacturing Slump Moderates, Outlook Improves

The decline in Texas manufacturing activity slowed in April, according to the results of the Texas Manufacturing Outlook Survey, released by the Federal Reserve Bank of Dallas on April 27.

Indexes for production, capacity utilization, volume of new orders and shipments edged upward for the second consecutive month, but they remained negative, indicating manufacturers are still retrenching.

Source: Reliable Plant

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Purchasing 2009: Unexpected Opportunities

Businesses today face extraordinary challenges. Yet these troubled times also present opportunities to gain competitive advantage through procurement.

Purchasing professionals today are being asked to increase their organization's cost savings with smaller budgets.

Source: Industrial Market Trends

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Orders for Durable Goods Drop 0.8% in March

The deep recession in manufacturing worsened in March, as demand for U.S.-made durable goods fell 0.8%, the seventh decline in the past eight months, the Commerce Department estimated Friday.

New orders declined in almost every industrial sector, although a key gauge of capital spending by businesses rose 1.5%, the second straight increase following a severe decline in January.

Source: MarketWatch

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