Consumer Credit Shrinks in June
Consumer credit decreased at a seasonally adjusted annual rate of 6.75% in the second quarter…
Browsing: Economy
ABA Data Bank: Banks of All Sizes Helped Provide Critical Financial Lifeline to Small Biz
Breaking down of Paycheck Protection Program lending by banks in the second quarter (through June 30, 2020), by asset size.
1.8 Million Jobs Added in July
Total nonfarm payroll employment rose by 1.8 million in July, according to the Bureau of…
Report: Credit Card Use Dips in Q1 Amid COVID-19 Uncertainty
As the coronavirus outbreak spread in the U.S. in the first quarter, credit card purchase volume and debt outstanding declined, according to ABA’s latest Credit Card Market Monitor released today.
Household Debt Sees Biggest Decline in Seven Years as Consumers Trim Spending
Outstanding household debt dipped by 0.2% in the second quarter of 2020, falling by $34 billion to land at $14.27 trillion, the Federal Reserve Bank of New York reported today.
ISM: Non-Manufacturing Sector Growth Continues in July
The ISM Services Index (formerly non-manufacturing sector) grew in July for the second consecutive month.…
International Trade Balance Tightened in June
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the…
ADP: 167,000 Jobs Gained in July
The non-farm private sector added 167,000 jobs in July, according to the ADP National Employment…
Factory Orders Rose 6% in June
New orders for manufactured goods in June, up two consecutive months, increased 6.2% to $437.2…
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans, according to the Federal Reserve’s latest survey of senior loan officers released yesterday.