Deficit Rises (CONT’D FROM PAGE 28)
Board Converting NEWS INTERNET DIRECTORY
reported tightening lending standards for large and mid- dle-market firms, while a net percentage of 30.4 percent said the same thing for small firms. Meanwhile, lending demand remained weak for the fifth straight quarter. A net percentage of -30.5 percent of domestic banks reported stronger demand for large and middle-market firms in Q4, but that was an improvement from -51.6 percent in Q3. Similarly, a net percentage of -49.1 percent noted stron- ger demand for small firms in Q4, down from -47.5 percent in Q3. Second, U.S. consumer credit outstanding rose 2.2 percent at the annual rate in September, bouncing back after dropping by 3.8 percent in August, with 3.5 percent growth over the past 12 months.
ADVANTZWARE www.advantzware.com
Advantzware provides a comprehensive system to address the business management needs of the independent box business, as well as the ERP requirements of full scale pack- aging plants and integrated companies. With modules for estimating, scheduling, production, inventory and account- ing, this scalable system supports companies that produce corrugated boxes, folding cartons, point of purchase dis- plays, assembled partitions, and paperboard products. AIR CONVEYING CORPORATION www.accfilter.com Air Conveying Corporation is a leader in the industry of Pneumatic Conveying Systems and has been in business since 1968. As an equipment manufacturer rather than sim- ply a sales organization, we have complete control over the quality of material and products which make up your pro- posed system. Our equipment is found in printing, folding carton and corrugated plants throughout the world. We've been designing, manufacturing and engineering pneumatic conveying systems since 1984. We partner with our customers to ensure they operate efficiently and guar- antee our systems meet or exceed their specifications. ASDI specializes in full pull-through systems trim separators, and NFPA compliant systems with full electronic controls. AMTECH SOFTWARE www.amtechsoftware.com AIR SYSTEMS DESIGN, INC. www.airsystemsdesign.com Amtech offers the industry’s most innovative and com- prehensive corrugated and packaging ERP, integrated scheduling software, and engineered automation technol- ogy. For over 30 years, Amtech has kept our customers competitive in an ever-changing economy with customer digital storefronts and workflows, business intelligence, automated scheduling for corrugators, converting and shipping, proactive roll stock and inventory management. APEX INTERNATIONAL www.apexinternational.com World’s largest Anilox and Glue & Metering roll manufac- turer, providing the widest selection of corrugated engrav- ings and complementary services. Anilox engraving options available from our North American manufacturing facility include elongated 75°, 60°, 45°, plus Apex’s patented GTT technology. Glue rolls are produced with Hardened Stain- less Steel and a max TIR of 10 µ for Single, Double Facers.
The underlying consumer credit data were mixed. On the one hand, nonrevolving credit — including auto and student loans — rebounded after falling by 9.8 percent in August, rising 1.9 percent in September. Meanwhile, revolving credit — including credit cards and other credit lines — slowed from 13.7 percent growth in August to 2.9 percent in September. This suggests that Americans felt more cautious in Sep- tember in their credit card purchases even as the overall level of borrowing continues to increase. Nonetheless, Americans remain willing to take on new debt to finance spending, albeit with some slowing. On a year-over-year basis, revolving and nonrevolving credit increased 9.9 percent and 1.5 percent, respectively. Finally, total household debt increased to $17.29 trillion in the third quarter, up 1.3 percent from the second quar- ter. Mortgage debt accounted for 70.2 percent of that to- tal, or $12.14 trillion. Other household debt balances included $1.60 trillion each for auto and student loans, $1.08 trillion for credit card balances and $349 billion in revolving credit. For more information about the NAM economic report, visit www.nam.org .
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November 20, 2023
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