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More Than Half Of Small Businesses Have Reopened: Survey
Forty-seven percent said reaching pre-pandemic gross revenues and total daily transactions would point to full recovery.
U.S. Consumer Prices Increase 0.4% in February
Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.
Stimulus Checks, Vaccines Fuel Executive Optimism
An AICPA survey finds "a resurgent sense of optimism about the economy overall, despite the deep pain that remains in key sectors and industries."
U.S. Manufacturing Hits 3-Year High in February
“Manufacturing is doing well but it will not be smooth sailing over the next few months", in part because of supply-chain disruptions.
Consumer Spending Rebounds With 2.4% Gain
“Government checks did their work, as both income and spending increased dramatically in January."
U.S. Factory Orders Climb 1.1% in December
Manufacturing has been driven by strong demand for factory goods "as 23.7% of the labor force works from home because of the COVID-19 pandemic."
Labor Cost Index Rises 0.7% in Fourth Quarter
“Overall, compensation costs are likely to remain subdued going forward, reflective of a high level of unemployment that will restrain wages."
U.S. Economic Growth Slows to 4% in Q4
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
IMF More Optimistic on Global Growth
The latest World Economic Outlook revised growth estimates but warned pandemic risks remain.
Will Restaurants Recover in 2021?
"Restaurants were hit harder than any other industry during the pandemic, and still have the longest climb back to pre-coronavirus employment levels."
Homebuilder Confidence Sags for 2nd Straight Month
“Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems."
U.S. Retail Sales Fall for Third Consecutive Month
"The further slump in retail sales in December confirms that the continued surge in coronavirus infections is now weighing heavily on the economy."
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