08 19 2014

08 19 2014

Broad Gains Seen Throughout the Economy in July

According to a recent report by Bloomberg, U.S. factories saw their best month in July from the previous five months. Automobiles were produced at their fastest rate in 14 years, while more companies invested in equipment as a result of a stronger economy. Businesses seeking to expand should consider leasing equipment as an option instead of purchasing. Leasing provides more flexibility for capital and the ability to upgrade to newer models with ease.

“The manufacturing sector at this point appears to be firing on all cylinders and, if anything, that’s an indication that momentum in the U.S. economy is picking up,” Millan Mulraine, deputy head of U.S. research and strategy at TD Securities USA LLC in New York, told Bloomberg. “We’ve seen it in machinery and computers, and also in motor vehicle production.”

The Federal Reserve reported that industrial production rose 0.4 percent, marking the sixth consecutive month of gains. Manufacturing output was up 1 percent during the month, the largest increase since February. The rise was mostly led by a 10.1 percent jump in automobile production, while the rest of manufacturing was up 0.4 percent. The annualized rate of automobile production reached 13.2 million in July, the fastest pace since May 2000, Bloomberg reported.

While gains were broad throughout the economy, indicating growing strength, output for business equipment was good news for U.S. businesses. Transportation goods and machinery were both up, suggesting that manufacturing will continue to help the economy recover. In addition to equipment and automobiles, consumer goods outputs like appliances, furniture and home electronics also picked up during the month. However, consumer confidence dipped slightly during August, as wage perceptions dropped, despite the improving conditions around the economy.


  • Small business marketing guide

    Small Business Marketing Guide – Improve Your Marketing Program

    Take advantage of the power of marketing by downloading National Funding's Small Business Marketing Tips eBook. A solid small business marketing strategy helps ensure that owners in any industry can potentially turn a minor investment into major sales opportunities. Unfortunately, too often, many small business owners mistakenly think they don't have the resources or tools… […]

  • How small businesses can retain customers

    Customer Retention Strategies for Small Businesses Success

    As a small business owner, you know it's much easier to work with existing customers than to bring in new ones. While a flow of fresh shoppers is always a good thing, the customers who learn about you and your store while returning time and time again are a very solid and useful base. Of… […]

  • Health care law changes for small businesses

    Health Care Law Changes Could Affect Small Business Owners

    Health insurance is an incredibly complex and confusing subject. Not many people can confidently explain all the fine details of various health insurance policies. At the same time, health insurance can be deeply personal. People rely on their health insurance plans to provide them with the treatments and check-ups they need to stay healthy .… […]

  • What are bridge loans, and how do they work

    What are Small Business Bridge Loans and How Do They Work?

    As every entrepreneur knows, starting or growing a business requires capital. Equipment, supplies and space all cost money, and are all required to getting the company going. Business owners have several options to purchase or rent necessary items. Some people are able to save up enough funds to cover initial costs, while others seek out… […]