The U.S. service sector, the biggest contributor to the country’s GDP by far, continued its recovery from the adverse effects of the COVID-19 pandemic in the second quarter of 2021. That’s according to advance estimates from the U.S. Census Bureau’s latest Quarterly Services Report, which indicates that services revenue increased by… Read More »Leisure and Hospitality Trails in Service Sector Recovery
Business owners are burned out, worn out, and past ready to get out. More than 1 in 4 business owners who put their business on the market this spring did so because of burnout according to the first-quarter survey of business brokers and M&A advisors conducted by IBBA and M&A… Read More »Burnout & Unsolicited Offers: Why Business Owners SOLD in 2021 Q1 and Q2!
As outlined in Statistas report: The reasoning behind these numbers is straightforward: as the pandemic severely limited people’s options to spend money on services such as restaurant visits, travel or other leisure activities either restricted or advised against, they shifted their spending to physical goods, trying to adjust to life… Read More »U.S. Services Spending Climbs to Pre-Pandemic Level
The National Association of Business Economics (NABE) recently surveyed its members, which include corporate economists, financial planners, cost analysts and business leaders. As of August, 52% of respondents said monetary policy is “too stimulative,” double the 26% that said so when the survey was last conducted in March. Meanwhile, 47%… Read More »Time to Ease Monetary Policy
“None of us can know what we are capable of until we are tested.” – Elizabeth Blackwell, first woman to graduate from medical school in the U.S. Elizabeth Blackwell (February 3, 1821 – May 31, 1910) was a British physician, notable as the first woman to receive a medical degree… Read More »Monday Mojo Elizabeth Blackwell
Data from Boston Consulting Group and the Semiconductor Industry Association shows how much chip production has moved away from its traditional strongholds – among them Japan – in the last decades. In 1990, Japan, Europe, and the U.S. dominated semiconductor manufacturing, but with South Korea, Taiwan and finally Mainland China entering… Read More »Semiconductor Production
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FMI states in its recent study on the Consumer-electronicsmarket that the market will record a CAGR of 5.6% through 2031. Demand is anticipated to increase due to the availability of devices stimulating automation of daily chores. The Consumer Technology Association (CTA) is predicting 2021 to be another record year for the U.S. tech industry.… Read More »Consumer Electronics Spend
According to preliminary August survey results, the University of Michigan’s consumer sentiment index plunged to 70.2 from 81.2 in July. This was the lowest reading since December 2011 and was much worse than the 81.0 level expected by economists. Could show market volatility in the immediate future. According to Axios… Read More »Consumer Sentiment
Looks like the airfare recovery has stalled with the new variant. Airfares are edging lower as international travel is increasingly being discouraged by the Centers for Disease Control and Prevention.