The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982 as the COVID-19 pandemic slammed business confidence. Among the Index’s individual components, demand fell further after its largest drop ever during April. Meanwhile, the new orders component eased...
Survey: Despite Pandemic, 1 In 4 Americans Say Their Wallets Are Fatter
While the number of laid-off workers who filed for jobless benefits exceeded 40 million last week, 1 in 10 Americans say COVID-19 has boosted their budget, according to a new survey. CNBC reported a TD Ameritrade poll of more than 1,000 adults across the U.S. contacted between April 24 through...
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire Survey. The poll, which questioned 750 people with assets of $1 million or more, revealed while wealthy Americans have seen little impact from the pandemic...