Economy

Federal Reserve Indicators Suggest that Economic Activity Continues to Expand

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. read more

ISM Forecast: Economy to Softly Expand in 2024

The U.S. economy will continue to softly expand for the rest of 2024, say the nation’s purchasing and supply executives in the Spring 2024 Semiannual Economic Forecast. Expectations for the remainder of 2024 are similar to those expressed in December 2023, despite continued inflation concerns and geopolitical uncertainty. read more

Citizens’ Business Conditions Index Shows Slowdown in Economic Momentum in Q1/24

The Citizens Business Conditions Index fell to 48.2 in Q1/24 as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy. read more

Equipment Finance Industry Confidence Eases in April

The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more

CFO Optimism Climbs to Highest Level in Nearly 3 Years

According to Grant Thornton’s Q1 2024 CFO survey, more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy, marking an 11-quarter high for the survey. At the same time, 12% of CFOs said they were pessimistic, marking an 11-quarter low. read more

Golub Capital Altman Index: U.S. Middle Market Grew Earnings and Revenue in Q1/24

Middle-market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of Q1/24, with the same companies growing revenue by 5% during the same period. read more

Total Employment Increases by 303K in March, Unemployment Rate at 3.8%

The U.S. Bureau of Labor Statistics reported that total nonfarm employment in March increased by 303,000, with the unemployment rate remaining flat at 3.8% and the healthcare, government, leisure and hospitality, and construction sectors experiencing the most notable job gains. read more

Economic Activity in Hospital Sector Grew in March for Seventh Straight Month

Economic activity in the hospital subsector grew in March for the seventh consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

Bankruptcy Filings Increase Across All Chapters in Q1/24; Chapter 11 Filings Up 43%

New bankruptcy filings during Q1/24 registered year-over-year increases across all major filing categories in the U.S., according to Epiq Bankruptcy, with total commercial Chapter 11 filings registering the largest increase, rising 43% year over year. read more

More Than 70% of SMBs View Private Equity as Potential Funding Source

According to a new study from Citizens, 72% of small- and mid-size businesses in the U.S. view the private equity industry as a source of current or future partnership and funding, with sponsors anticipating higher deal volumes in 2024. read more

More Than 50% of Lenders Identify Presidential Election as Most Concerning Macroeconomic Headwind

Results from Phoenix Management’s Q1/24 “Lending Climate in America” survey highlighted concerns about the outcome of the upcoming presidential election and increased uncertainty surrounding the retail and construction industries. read more

CFOs Express Greater Optimism About North American Economy in Q1/24

According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23. read more

Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more

ELFA’s ‘What’s Hot/What’s Not’ Report Forecasts Construction & Machine Tools as Leading Equipment Markets

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

Economic Activity in Services Sector Expands for 14th Consecutive Month

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

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