Business activity in the banking sector increased in July for the second straight month, according to industry executives surveyed for American Banker’s latest Index of Banking Activity.
The IBA’s July reading of 53.9 was down 0.5 percentage points from June’s 54.4 level. This reading is indicative of modest growth at a slightly slower pace than June. The IBA is a product of American Banker’s regular surveys of bank executives and is published in partnership with VantageScore Solutions. The July index was based on 219 responses.