Economy

Equipment Finance Industry Confidence Holds Steady in January

According to the Equipment Leasing & Finance Foundation’s January 2022 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 63.9, unchanged from the December 2021 index. read more

Construction Industry Expects Strong Profitability Despite Supply Chain and Labor Challenges

According to Wells Fargo’s 2022 construction industry forecast, there is renewed optimism among nonresidential contractors and distributors for increasing profits and new equipment sales in the year ahead. read more

MUFG: US to Transition to Mid-Cycle Economic Downshift in 2022

The U.S. economy is moving from a post-reopening boom phase toward a moderating period, which, depending on policy prescription, may end up feeling like a mid-cycle slowdown in the second half of 2022, according to Mitsubishi UFJ Financial Group. read more

ELFA: New Business Volume Rises 8% Y/Y But Falls 26% M/M in November

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for November was $7.9 billion, up 8% year over year from new business volume in November 2020. However, volume was down 26% from $10.7 billion in October. read more

ELFF Projects 3.5% US GDP Growth in 2022, 4.6% Equipment Investment Growth

The Equipment Leasing & Finance Foundation released its Q1/22 Equipment Leasing & Finance Industry Snapshot. According to the snapshot, the U.S. economy will grow by 3.5% in 2022 and equipment investment will grow at a 4.6% pace. read more

IT Firms Have Received More Funding Than Business in Other Industries in 2021

A new study from Biz2Credit that analyzed 2020 and 2021 industry trends among small businesses found that information technology firms received the most funding of any industry in terms of volume and the highest average amount of funding during the study time frame. read more

ELFF: Equipment Finance Industry Confidence Eases in December

According to the Equipment Leasing & Finance Foundation’s December 2021 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 63.9, a decrease from the November index of 64.6. read more

Wilmington Trust Expects Reduced Inflation in 2022 Despite Labor and Supply Chain Challenges

According to Wilmington Trust’s 2022 capital markets forecast, in the new year, economic risks like labor shortages and supply chain disruptions will normalize, inflation will decelerate and smart technology investments will provide long-term value for businesses. read more

ELFF Forecasts 4.6% Growth in Equipment and Software Investment in 2022

Low financial stress, an expanding housing sector and increased federal spending on infrastructure are expected to propel equipment and software investment growth by 4.6% in 2022, according to the Equipment Leasing & Finance Foundation’s 2022 outlook. 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

Umpqua Bank Outlook Provides Insights on Inflation, M&A, Supply Chain Disruption

According to Umpqua Bank’s recently released 2022 economic outlook, inflation will continue to pose a challenge to the economy and be especially challenging for businesses that rely on purchased goods. 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

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