Business climate for the 2024 year-end shows a 2.1% economic growth year over year
In Putnam County, November business licenses totaled 39 (24 manufacturing and 15 retail), according to numbers by Putnam County Clerk Wayne Nabors. Compare that to October when the county saw totaled 49 (36 manufacturing and 13 retail).
This is on the heels of a report that the U.S. business activity gauge raced to a 31-month high in November following the election of President Donald Trump. His election both boosted hopes for lower interest rates and more business friendly policies in the future.
From reuters.com:
S&P Global said on Friday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 55.3 this month. That was the highest level since April 2022 and followed a reading of 54.1 in October.
Reports have also shown that the business climate for the 2024 year-end shows a 2.1% economic growth year over year.
“Recent revisions to GDP, gross domestic income, consumer savings, and employment suggest a firmer picture of overall growth and consumer health,” according to vanguard.com. “The U.S. economy grew by more than originally thought in the second quarter, with real GDP increasing by an annualized 3%. First quarter growth had been an annualized 1.4%. We continue to foresee growth in 2024 in a range above trend or its noninflationary potential, with full-year growth above 2%.”
Check out Putnam’s business listings below.
New-Business-listing-November-2024Image by pressfoto on Freepik.
Copyright 2024 The Upper Cumberland Business Journal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Other stories you may want to check out:
