PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Business Trends

September 18th, 2017 by

by Raymond J. Keating Industrial production, in particular, manufacturing production, has been an ongoing concern. Prior to August, manufacturing output was flat in July, and had been on an up-and-down roller coaster ride since February. And then Texas and Florida – the second and third largest states in the nation – were hit by Hurricanes […]

September 15th, 2017 by

  by Raymond J. Keating- The August retail sales report from the U.S. Census Bureau was a disappointment. Not only did retail sales decline by 0.2 percent in August, but July’s positive growth rate was revised down from 0.6 percent to 0.3 percent, and June’s went from a gain of 0.3 percent to a tiny […]

September 13th, 2017 by

   by Raymond J. Keating- Small Business Policy Index 2017: Texas ranked second best among the 50 states. Florida ranked fifth best among the 50 states. SBE Council’s “Small Business Policy Index 2017” ranks the 50 states according to 55 different policy measures, including a wide array of tax, regulatory and government spending and performance […]

September 7th, 2017 by

by Raymond J. Keating- In the Federal Reserve’s Beige Book released on September 6, it was reported, “Economic activity expanded at a modest to moderate pace across all twelve Federal Reserve Districts in July and August.” On jobs, the Fed found, “Employment growth slowed some on balance, ranging from a slight to a modest rate […]

September 7th, 2017 by

by Raymond J. Keating- The U.S. trade numbers, as released by the U.S. Bureau of Economic Analysis on September 6, were troubling. Exports of U.S. goods and services declined slightly in July relative to June – from $194.9 billion to $194.4 billion. Keep in mind that the story on exports has been disappointing for more […]

September 1st, 2017 by

by Raymond J. Keating- There’s no way around it. The jobs report for August, released on September 1 by the U.S. Bureau of Labor Statistics, was poor. (As noted in the report, Hurricane Harvey did not affect the data.) In terms of the establishment survey, payrolls increased by only 156,000 in August. That’s well short […]

September 1st, 2017 by

by Raymond J. Keating- On August 31, the U.S. Bureau of Economic Analysis released some positive news regarding personal income for the month of July. Specifically, personal income in July was up by 0.4 percent versus June. In fact, growth has been solid in two out of the last three months. While the media, and […]

August 30th, 2017 by

by Raymond J. Keating- Second quarter real economic growth was stronger than initially reported, as explained in the second estimate from the U.S. Bureau of Economic Analysis released on August 30. There were two pieces of good news that bumped growth up from an original estimate of 2.6 percent to 3.0 percent. First, personal consumption […]

August 16th, 2017 by

A Tax Roller Coaster Ride in the Pine Tree State Ends Up Being No Fun by Raymond J. Keating- Small Business Policy Index 2017: Maine ranked 44th among the 50 states. SBE Council’s “Small Business Policy Index 2017” ranks the 50 states according to 55 different policy measures, including a wide array of tax, regulatory […]

August 15th, 2017 by

by Raymond J. Keating- The Census Bureau’s advanced look at July retail sales, along with positive revisions for June, make for a positive take on the consumer. In July, retail sales increased by 0.6 percent, which basically doubled market expectations. In addition, a decline of 0.2 percent for June was revised up to a gain […]

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