Economy

Services Economic Activity Retreats Slightly in February But Remains in Growth Mode

According to the Institute for Supply Management, economic activity in the services sector grew in February for the 21st month in a row despite what Anthony Nieves, chair of the ISM’s services business survey committee, called a “pullback” in some indexes. read more

New Orders for Durable Goods Increase 1.6% in January

According to the U.S. Census Bureau’s January durable goods report, new orders for manufactured durable goods in January increased $4.3 billion, or 1.6%, to $277.5 billion. read more

New Business Volume in Equipment Finance Rose 2% Y/Y in January

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for January was $8.3 billion, up 2% year over year from new business volume in January 2021. read more

GAMA: Aircraft Deliveries in 2021 Valued at $25.2B, Up 10.2% Compared with 2020

According to the General Aviation Manufacturers Association, when compared with 2020, all aircraft segments experienced increases in shipments and preliminary aircraft deliveries were valued at $25.2 billion, an increase of 10.2% compared with 2020.  read more

Non-Bank Lenders Forecast Demand Increase and Economic Downturn in 2022

According to Cerebro Capital, 52% of non-bank lenders expect increased commercial and industrial loan demand that began in Q4/21 to continue due to a predicted deterioration of the economy over the next six to 12 months. read more

Equipment Finance Industry Confidence Slips in February

According to the Equipment Leasing & Finance Foundation’s February 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 61.8, easing from the January index of 63.9. read more

Small Business Loan Approval Rates Increase Among Most Lenders in January

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.3% in December to 14.5% in January and approval rates at small banks (under $10 billion in assets) rose from 20.1% in December to 20.3% in January, according to Biz2Credit. read more

ELFA Releases Takeaways from Monthly Leasing and Finance Index Results From 2021

According to a list of takeaways from the Equipment Leasing and Finance Association’s recent webinar covering a summary of the findings of its Monthly Leasing and Finance Index (MLFI-25) reports from 2021, metrics from the index in 2021 were positive overall. read more

Citizens Business Conditions Index Drops, Remains in Expansionary Territory in Q4/21

Citizens reported that its Citizens Business Conditions Index (CBCI) dropped to a mark of 54.4 for Q4/21, down from 57.8 at the end of September but still in expansionary territory. read more

ELFA: New Business Volume for 2021 Increases 9% Compared with 2020

According to the ELFA’s Monthly Leasing and Finance Index, overall new business volume for December 2021 was $11.8 billion, down 3% year over year from new business volume in December 2020. However, cumulative new business volume for 2021 was up almost 9% compared with 2020. read more

MUFG: 2022 Signals ‘Regime Change’ for Markets and Corporates

According to the annual outlook from Mitsubishi UFJ Financial Group’s capital markets team, corporates have embarked on a "feverish pace" of capital-expenditure investment and strategic activity in response to a rapidly evolving landscape. read more

Citizens Survey Foresees Strong Year for M&A in 2022

Middle-market companies and private equity firms foresee an extremely strong year for the M&A market in 2022, with bullish forecasts for both deal volumes and for company valuations, according to a Citizens survey of 400 leaders at U.S. middle-market companies and private equity firms. read more

ATA Truck Tonnage Index Increased 1% in December

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1% in December after rising 0.5% in November. In December, the index equaled 114.7 (2015=100) compared with 113.5 in November. read more

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

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Terry Mulreany
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