According to the Equipment Leasing and Finance Association's “What’s Hot/What’s Not” report, which reveals industry perceptions of 15 equipment markets based on a survey of ELFA members, construction, machine tools, medical, technology and marine/intercoastal are the leading sectors for the year ahead, based on portfolio preference. read more
MAR 12, 2024 - 6:50 am
Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI registered 52.6%, according to the Institute for Supply Management. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022. read more
MAR 11, 2024 - 6:31 am
According to Biz2Credit’s Women-Owned Business Study, earnings for small businesses owned by women remained steady in 2023 while average annual revenue for businesses owned by women increased 15.5%. read more
MAR 7, 2024 - 7:00 am
Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status and 28 months of growth prior to that, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more
MAR 4, 2024 - 6:46 am
According to PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession. read more
MAR 1, 2024 - 6:54 am
According to a report from Bain & Company, wholesale bank revenue growth rates could drop to a CAGR of 2% by 2025. To address this imminent crunch, Bain & Company urges wholesale banks to seize new sources of growth, including climate finance and AI deployment. read more
FEB 22, 2024 - 6:44 am
According to a survey from Dragonfly Financial Technologies, 53% of banking executives are concerned or very concerned about their current dependency on legacy technology and rising technology debt. read more
FEB 14, 2024 - 6:19 am
Citizens Business Conditions Index rose to 51.8 in Q4/23, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the U.S. economy exited 2023 with momentum. read more
JAN 31, 2024 - 6:41 am
According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for December was $12.5 billion, up 2% year over year, while cumulative new business volume for 2023 was up 3.9% compared to 2022. read more
JAN 24, 2024 - 6:50 am
According to Mitsubishi UFJ Financial Group (MUFG)’s 2024 economic outlook, a so-called U.S. 'soft landing' seems increasingly plausible, although MUFG’s economists are still looking for a cyclical slowdown. read more
JAN 19, 2024 - 7:07 am
The Equipment Leasing & Finance Foundation released the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), finding that, overall, confidence in the equipment finance market is 48.6, an increase from the December index of 42.5. read more
JAN 18, 2024 - 6:53 am
The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2024, including projections of 1.7% growth in real U.S. GDP and 2.2% growth in real equipment finance software investment. read more
JAN 17, 2024 - 6:42 am
S&P Global Ratings expects most banks to perform well and build capital in 2024, according to its 2024 U.S. bank outlook. Still, potential further declines in deposits, funding cost pressures, unrealized losses, commercial real estate exposures and economic uncertainty remain key risks. read more
JAN 16, 2024 - 7:25 am
Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more
JAN 11, 2024 - 7:00 am
Economic activity in the manufacturing sector contracted in December for the 14th consecutive month following a 28-month period of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more
JAN 8, 2024 - 6:54 am