Newsbytes

Small Business Optimism Dips in June, Remains Historically High

The NFIB Small Business Optimism Index dipped to 103.6 in June but maintained the high level of post-election optimism. June’s index was 0.9 point lower than May’s 104.5 reading. Four of the ten index components rose, while five declined. Reported job creation fell 5 points, as 54% of businesses reported hiring or trying to hire. However, 46% reported few or ...

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Consumer Credit Growth Accelerated in May

Consumer credit increased at a seasonally adjusted annual rate of 5.8% in May, up from a revised 4.1% rate in April. Total outstanding credit increased $18.4 billion during the month (compared with $12.9 billion in April) to $3.84 trillion. Revolving credit grew at an annual rate of 8.7% to $1.0 trillion, compared to a 1.4% increase in April. Non-revolving credit ...

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