Data

Equipment Finance Industry Confidence Holds Steady in June

According to the Equipment Leasing & Finance Foundation’s June 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 71.3, which is steady with the May index of 72.1.   read more

Services Sector Activity Accelerates in May Amidst Raw Material Price Increases, Shortages

Economic activity in the services sector grew in May for the 12th month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

ISM: Manufacturing Sector Expands in May Despite ‘Labor Obstacles’

Economic activity in the manufacturing sector grew in May, with the overall economy notching a 12th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

ELFF’s COVID-19 Impact Survey Reveals Portfolio Performance, Work-From-Home Expectations

The Equipment Leasing & Finance Foundation released the results of its first quarterly COVID-19 Impact and Recovery Survey, revealing a 1% decline in originations in 2020 among respondents as well as data on work-from-home practices and other factors influenced by the pandemic. read more

Equipment Finance Industry Confidence Remains Near Historic High in May

According to the Equipment Leasing & Finance Foundation’s May 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 72.1, easing from April’s all-time high of 76.1. read more

ISM Expects U.S. Economic Recovery to Continue for Rest of 2021

Economic recovery in the U.S. will continue for the rest of 2021, according to the Institute for Supply Management. Expectations for the remainder of 2021 have strengthened somewhat compared with December 2020, with both the manufacturing and services sectors signaling expansion. read more

ISM: Services Sector Activity Expands as Prices Index Reaches Highest Reading Since 2008

Economic activity in the services sector grew in April for the 11th month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

Manufacturing Sector Grows in April Despite Extended Lead Times and Higher Commodity Prices

Economic activity in the manufacturing sector grew in April, with the overall economy notching an 11th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Used Equipment Values Continue Upward Trend in May

Year-over-year improvements in asking and auction values continue to be the trend across the used construction equipment, agricultural equipment and commercial truck markets, according to a new report from Sandhills Global. read more

Biz2Credit: Non-PPP Loan Approval Rates Remain Relatively Unchanged in April

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) dipped slightly to 13.4% in April from 13.5% in March 2021, according to Biz2Credit. Similarly, approvals at small banks dropped to 18.2% in April, which was down from 18.3% in March. read more

First Citizens: Small Business Growth Confidence Back to Pre-Pandemic Levels

A survey from First Citizens Bank found nearly 80% of small business owners are confident or very confident in business growth over the next 12 months, which marks a 9% increase since September 2020 and a return to pre-COVID-19 pandemic levels. read more

TD Bank Survey Shows 41% of Small Business Owners Expect Revenue Growth in 2021

According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline. read more

NACM’s April Credit Managers’ Index Reflects Economic Gains 

The National Association of Credit Management’s Credit Managers’ Index for April 2021 reached a high not seen for more than 15 years. The monthly combined index for manufacturing and service sectors broke through the 60 mark with a reading of 60.6 after hovering in the high 50s for several months. read more

Citizens: U.S. Business Conditions Recover with Increased Vaccinations, Fiscal Package

Continued economic recovery from the shock of the COVID-19 pandemic kept the Q1/21 national Citizens Business Conditions Index (CBCI) in upbeat territory with a reading of 53.3. This compares with a Q4/20 reading of 56. A reading above 50 is considered expansionary. read more

ACT Research: Much to Like About Economy, Freight and Commercial Vehicle Demand

In the most recent release of its Commercial Vehicle Dealer Digest, ACT Research reported that there is much to like about the current state of the U.S. economy as well as from both freight and commercial vehicle demand perspectives. read more

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