Data

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

ELFF: Equipment Finance Industry Confidence Reaches Pre-Pandemic Levels

According to the Equipment Leasing & Finance Foundation’s December 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 59.7, an increase from the November index of 56.1. read more

ELFF: Equipment Investment Growth to Outpace U.S. GDP Growth in 2021

Annual equipment and software investment will grow 7.8% in 2021, while annual U.S. GDP will grow 4.7%, according to a report from the Equipment Leasing & Finance Foundation. read more

PayNet: Small Business Lending Rebounds in October Despite Headwinds

In October, the PayNet Small Business Lending Index increased 2.5 points to 147.3, although that was 0.9% below last year’s October level. While the SBLI rose moderately again in October, preliminary November data suggests challenges ahead as COVID-19 cases rise once again. read more

ISM: Services Sector Experiences Growth in November Despite ‘Slight Pullback’

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

NACM’s November Credit Managers’ Index Eases Growth, Still Positive

The November Credit Managers’ Index from the NACM decreased slightly after hitting a 15-year high in October. The overall score of 57.9, which was down half a point from October, is the second-highest reading in the last 12 months. read more

ARA Projects 13% Decline in Equipment/Event Rental Revenue in 2020

The American Rental Association is forecasting a 13% decline in equipment and event rental revenue this year compared with 2019, making for a drop to $48.7 billion in the United States. read more

ACT: September For-Hire Trucking Index Highlights Tight Supply-Demand Balance

The latest release of ACT Research’s For-Hire Trucking Index, which includes September data, showed a continuing tight trucking market, with volume and rate surges ongoing and driver availability deteriorating. read more

IDC Predicts What’s Next for Enterprises and IT Industry in Response to COVID-19 Disruption

According to IDC’s predictions for 2021 and beyond, the global economy remains on its way to its "digital destiny" and, with this shift, 65% of global GDP will be digitalized by 2022, driving $6.8 trillion of IT spending from 2020 to 2023. read more

New ELFF Study Reveals Impact of COVID-19 and Recession on Equipment Finance Industry

Although the outlook for the U.S. economy is among the most uncertain on record, equipment finance industry leaders expect moderate portfolio growth in 2021, but performance will be highly sector-dependent, according to a new study from the Equipment Leasing & Finance Foundation. read more

September Equipment Leasing New Business Volume Down 13% Y/Y, Up 24% M/M

The ELFA’s Monthly Leasing and Finance Index showed overall new business volume for September was $8.7 billion, down 13% year over year from new business volume in September 2019. Volume was up 24% month to month from $7 billion in August. read more

ELFA: Compensation in the Equipment Finance Industry Grew Modestly in 2019

Compensation in the equipment finance industry increased moderately in 2019, according to the 2020 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association and McLagan. read more

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