Economy

Umpqua Bank Survey Shows Surging Optimism, Transformational Shifts in Middle Market

According to a study from Umpqua Bank, despite the heavy toll businesses faced last year, optimism has now surged past pre-COVID-19-pandemic levels and many companies report being well positioned for growth in the year ahead. read more

ELFA: Equipment Finance Industry Logs 17% Y/Y Increase in New Business Volume in June

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.4 billion, up 17% year over year from new business volume in June 2020. read more

ELFF’s Q3 Industry Snapshot Projects ‘Healthy’ Expansion of Equipment/Software Investment

According to the Equipment Leasing & Finance Foundation’s Q3 2021 Equipment Leasing & Finance Industry Snapshot, equipment and software investment is projected to expand by 13.3% in 2021, the strongest year in a decade. read more

ISM: Economic Activity in Hospital Subsector Increases in June

Economic activity in the hospital subsector grew in June for the 13th consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

ELFF Forecasts 13.3% Expansion in Equipment/Software Investment in Outlook Update

According to the Q3/21 update to the Equipment Leasing and Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook, annual equipment and software investment will grow 13.3% in 2021 and annual U.S. GDP growth for 2021 will increase by 6.1%. read more

ISM: Economic Activity in Services Sector Grows in June but Eases from May’s All-Time High

Economic activity in the services sector grew in June for the 13th month in a row, according to the June 2021 Services ISM Report on Business from the Institute for Supply Management. read more

CBIZ Small Business Employment Index Shows Strong Hiring Trends in June

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.34% for June. In addition, 30% of companies in the index expanded employment, 53% made no change to their headcounts and 17% cut back on staffing. read more

ISM: Manufacturing Sector Grows in June Despite Raw Material, Labor Shortages

Economic activity in the manufacturing sector grew in June, with the overall economy notching a 13th consecutive month of growth, according to the June 2021 Manufacturing ISM Report on Business from the Institute for Supply Management. read more

NACM’s June Credit Managers’ Index Loses Some Ground

The National Association of Credit Management’s Credit Manager’s Index for June continued to lose some ground, with a total combined score of 57.5, which was down 2.3 points compared with May’s CMI and 3.1 points lower than April’s CMI. read more

ISM: Economic Activity in Hospital Subsector Grows in May Despite Slight Dip in PMI

Economic activity in the hospital subsector grew in May for the 12th consecutive month, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

Biz2Credit: May Small Business Loan Approval Rates Increase as PPP Ends

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) climbed slightly from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Small Business Lending Index. In addition, approvals at small banks jumped from 18.2% in April to 18.7% in May. read more

Services Sector Activity Accelerates in May Amidst Raw Material Price Increases, Shortages

Economic activity in the services sector grew in May for the 12th month in a row, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

ISM: Manufacturing Sector Expands in May Despite ‘Labor Obstacles’

Economic activity in the manufacturing sector grew in May, with the overall economy notching a 12th consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Equipment Finance Industry Confidence Remains Near Historic High in May

According to the Equipment Leasing & Finance Foundation’s May 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 72.1, easing from April’s all-time high of 76.1. read more

ISM Expects U.S. Economic Recovery to Continue for Rest of 2021

Economic recovery in the U.S. will continue for the rest of 2021, according to the Institute for Supply Management. Expectations for the remainder of 2021 have strengthened somewhat compared with December 2020, with both the manufacturing and services sectors signaling expansion. read more

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