Data

ELFA Releases Compensation Report for Small/Medium Equipment Finance Businesses

According to the Equipment Leasing and Finance Association’s 2021 Small and Medium Enterprise Compensation Survey, the five highest paid positions are CEO/president, head of sales, CFO, senior sales representative and manager of asset management remarketing. read more

ISM Report Projects Economic Improvement in the US in 2022

Economic improvement in the United States will continue in 2022, according to the Institute for Supply Management’s December 2021 semiannual economic forecast. This expansion will continue a growth trend that began in June 2020. read more

ISM: Services Sector Economic Activity Reaches Another Record High in November

Economic activity in the services sector grew in November for the 18th month in a row, with the Services PMI setting a record for the fifth time in 2021, according to the Institute for Supply Management’s Services Report on Business for November. read more

ELFA: New Business Volume in Equipment Finance Industry Rises 16% Y/Y in October

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry for October was $10.7 billion, up 16% year over year from new business volume in October 2020. read more

Finance and Insurance Recovering from COVID-19 Effects Faster Than Other Industries

According to a new study from Biz2Credit, businesses in the financial services and insurance industries have recovered the fastest from the effects of the COVID-19 pandemic compared with other industries. read more

ELFF: Equipment Finance Industry Confidence Rises in November

According to the Equipment Leasing & Finance Foundation’s November 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 64.6, an increase from the October index of 61.1.   read more

Capital One: Middle Market Prioritizing Investment in Technology, Employee Experience

According to new research from Capital One and Morning Consult, 86% of middle market businesses have plans to grow their business by March 2022, with cybersecurity and employee experience among their top investment priorities. read more

Citizens Business Conditions Index Dips Slightly but Remains in Expansionary Territory

Citizens reported that the Citizens Business Conditions Index fell slightly to a mark of 57.1 in Q3/21 from Q2/21’s reading of 57.4. Despite the decrease, Citizens said the third quarter’s reading reflects continued strength in the recovery since COVID-19 stunned the economy and markets in 2020. read more

Equipment Finance Industry Confidence Holds Steady in October

According to the Equipment Leasing & Finance Foundation’s October 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 61.1, an increase from the September index of 60.5.   read more

ELFF Projects 5.3% Economic Growth for U.S. in 2021

The Equipment Leasing & Finance Foundation released its Q4/21 Equipment Leasing & Finance Industry Snapshot. In the snapshot, the ELFF projects a final growth rate of 5.3% for the U.S. economy this year while warning of fiscal policy uncertainty and concerns about high inflation. read more

Healthcare Equipment Leasing Market Size to Reach $57.2B by 2026

According to a new market study from Global Industry Analysts, the global market size for healthcare equipment leasing was estimated at $40.3 billion in 2020 and is projected to reach a revised size of $57.2 billion by 2026, growing at a CAGR of 5.8% over the analysis period. read more

Q4 Update to ELFF’s Outlook Forecasts 13.2% Growth in Equipment Investment in 2021

Owing largely to the burst of business activity in the spring and early summer that came in part thanks to rising vaccination rates, equipment and software investment is expected to grow 13.2% this year, according to the Q4 update to the Equipment Leasing & Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook. read more

Small Business Loan Approval Rates Rise at Bank and Non-Bank Lenders in September

Small business loan approval percentages at big banks (or those with $10 billion or more in assets) increased to 14% in September. Meanwhile, approval rates at small banks rose to 19.5% in September from 19.3% the month before, according to Biz2Credit.   read more

ISM: COVID-19 Surge, Labor Shortages Offset Growth in Hospital Economic Activity

Economic activity in the hospital subsector grew in September for the 16th consecutive month, according to the Institute for Supply Management. However, an increase in COVID-19 cases, labor shortages and supply chain disruptions are taking a toll on the sector. read more

ISM: Services Sector Sustains ‘Strong Growth’ in September as Supply Chain Struggles

Economic activity in the services sector grew in September for the 16th month in a row, according to the Institute for Supply Management, although Anthony Nieves of the ISM noted that, “ongoing challenges with labor resources, logistics and materials are affecting the continuity of supply.” read more

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