Data

GAMA Reports Decrease in Aircraft Delivery Values in 2020

According to the General Aviation Manufacturers Association, aircraft deliveries reached a value of $22.8 billion in 2020, a decrease compared with $27.8 billion in 2019. Piston airplane deliveries were steady, while turboprop, business jet and helicopter deliveries declined compared with 2019. read more

January New Business Volume in Equipment Finance Industry Falls 12% Y/Y, 33% M/M

According to the ELFA’s Monthly Leasing and Finance Index, overall new business volume for January 2021 was $8.1 billion, down 12% year over year from new business volume in January 2020. In addition, volume was down 33% month to month from $12.1 billion in December. read more

Small Business Loan Approval Rates at Big Banks Plummet More Than 50% Y/Y in January

Small business loan approval percentages at big banks ($10 billion or more in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to Biz2Credit. In comparison, in January 2020, big banks approved a record high of 28.3% of the funding requests they received. read more

Services Sector Reports Growth in January as PMI Reaches Highest Level since Feb. 2019

Economic activity in the services sector grew in January for the eighth month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

ISM: Manufacturing Sector Grows in January as New Orders and Production Increase

Economic activity in the manufacturing sector grew in January, with the overall economy notching an eighth consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

ELFA Releases Top 10 Equipment Acquisition Trends for 2021

The Equipment Leasing and Finance Association revealed its top 10 equipment acquisition trends for 2021. Among these, the ELFA predicts capital spending will show positive growth and that digitalization will be pervasive in the post-COVID-19 equipment finance environment. read more

Equipment Finance Industry Confidence Steady in January at Pre-COVID-19 Levels

According to the Equipment Leasing & Finance Foundation’s January 2021 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market is 59.6, unchanged from the December index and in line with pre-COVID-19 pandemic levels. read more

U.S. Loses 140K Jobs in December, Primarily in Leisure and Hospitality

According to the U.S. Bureau of Labor Statistics, there were 10.7 million unemployed persons in the U.S. in December, as total nonfarm payroll employment fell by 140,000 and the unemployment rate remained at 6.7%. read more

ISM: Economic Activity in Hospital Subsector Grows in December Despite PPE, Staffing Challenges

Economic activity in the hospital subsector grew in December for the seventh consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

ISM: Services Sector Activity Expands in December as Prices Increase at a Slower Rate

Economic activity in the services sector grew in December for the seventh month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

IDC Estimates There Was a 9.2% Increase in Used Smartphone Shipments in 2020

International Data Corporation expects that worldwide shipments of used smartphones reached a total of 225.4 million units in 2020. This represented an increase of 9.2% over the 206.5 million units shipped in 2019. read more

ISM: Manufacturing Sector Continues Rebound as COVID-19 Pandemic Slows Full Recovery

Economic activity in the manufacturing sector grew in December, with the overall economy notching an eighth consecutive month of growth, according to the Institute for Supply Management. read more

Overall Bankruptcy Filings Hit Lowest Mark in 35 Years in 2020 Despite Rise in Chapter 11s

According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in 2020 compared with 5,518 in 2019. read more

NACM’s December Credit Managers’ Index Remains Strong

The National Association of Credit Management’s Credit Manager’s Index held strong in December, with a combined score of 57.8, which was down a tenth of a point from November and 0.6 points from October. December’s score is more than three points higher than December 2019. read more

ELFF Projects 3.5% Decline in U.S. Economy for 2020, 4.7% Increase in 2021

According to the Equipment Leasing & Finance Foundation, despite a surge in Q3/20, due to the historic deep decline in Q2/20, the U.S. economy is expected to end the year down 3.5% from 2019. However, the economy is expected to grow 4.7% in 2021. read more

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