Economy

GDP Up 3.7%; Beats Expectations in Q2/15

Real gross domestic product (GDP) increased at an annual rate of 3.7% in Q2/15, marking a major stride forward in comparison to the 0.6% growth rate in Q1/15, according to the Bureau of Economic Analysis. read more

Durable Goods Orders Rise 2%; Transportation Equipment Leads Charge

New orders for manufactured durable goods increased $4.6 million or 2% to $241.1 billion, according to the U.S. Department of Commerce. The increase was once again fueled by transportation equipment. read more

GE Capital CDF Dealer Financing Volume Up 12%

The outdoor products industry, which includes lawn, garden and agriculture equipment, is experiencing healthy growth, according to GE Capital Commercial Distribution Finance. read more

ELFA’s Equipment Leasing Index Up 4% Y/Y

According to the ELFA’s Monthly Equipment Leasing and Finance Index, overall new business volume for July was $8.2 billion, up 4% from new business volume in July 2014. However, volume was down 14% from $9.5 billion in June. read more

Equipment Finance Confidence Rises Sharply in August

In its monthly confidence index, the Equipment Leasing and Finance Foundation found that confidence in the equipment finance industry rose to 67.4 in August, marking a steep increase from the July index of 62.6. read more

ACT: Class 8 Truck Orders Top Forecast

Class 8 trucks totaled 24,600 net new orders in July, while Classes 5-7 posted 15,900 net orders, according to the latest report by ACT Research. read more

U.S. Manufacturing July Output Advances 0.8%

The Fed reported industrial production increased 0.6% in July as manufacturing output advanced 0.8% primarily because of an increase in motor vehicle assemblies. The Fed said the index for business equipment edged up. read more

U.S. Cutting Tool Y/Y Consumption Down 1% in June

June U.S. cutting tool consumption totaled $188.7 million, which was up 9% from May’s total but down 1% from June 2014, according to the USCTI and the AMT’s Cutting Tool Market Report. read more

Small Business Optimism Falls Again

According to the quarterly Wells Fargo/Gallup Small Business Index, optimism in the sector during Q2/15 fell to 59, down from 64 in April and 71 in January. read more

Unemployment Rate Remains Unchanged in July

In its July update of the national employment situation, the U.S. Bureau of Labor Statistics reported that the unemployment rate was unchanged at 5.3 percent. read more

ISM: Manufacturing Expands for 31st Consecutive Month

According to the Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in July for the 31st consecutive month, and the overall economy grew for the 74th consecutive month. read more


U.S. Small Business Lending Hits Record High

The June data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is an economic indicator of GDP, increased 9% from 131.0 in May 2015 to 143.3 in June 2015, reaching a new high. When compared to the same month one year ago, the SBLI is up 19%. read more

NACM: Credit Managers’ Index Shows Positive Recovery

The National Association of Credit Management’s July Credit Managers’ Index showed a positive recovery to a 56 rating, up from 53.4 in June. The reading was the highest since October of last year. read more


NCMM: Middle-Market Economy is Stable

According to NCMM’s Q2/15 Middle Market Indicator Survey, two-thirds of middle market companies reported growth over last year, suggesting the business cycle remains steady following the growth reported in 2014. read more

FOMC: Stage Set for Rate Increase

The FOMC said the labor market continued to improve and underutilization of labor has diminished. The Fed said it will be appropriate to raise the Fed funds rate when it has seen further improvement in the labor market and is reasonably confident inflation will move back to its 2% objective over the medium term. read more

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