Economy

Commercial Chapter 11 Filings Increase 34% Y/Y in May

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 330 commercial Chapter 11 filings registered in May 2022, an increase of 34% from the 246 filings in May 2021. read more

AICPA: Outlook for U.S. Economy Tumbles to 11-Year Low as Fear of Recession Grows

Inflation worries, a tight labor market and global fallout from the Russo-Ukraine war have dropped business executives’ view of U.S. economic prospects to its lowest level since 2011, according to the second-quarter AICPA Economic Outlook Survey. read more

ISM Projects Continued Expansion of US Economy in 2022

The U.S. economy will continue to expand for the rest of 2022, according to the Institute for Supply Management’s spring 2022 semiannual economic forecast. read more

Equipment Finance Industry Confidence Decreases in May

According to the Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 49.6, a decrease from the April index of 56.1. read more

Small Business Lending Approval Rates Inched Upward in April

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

IDC: Worldwide Telecom Services Market Grew 1.6% in 2021

Worldwide spending on telecom services and pay TV services reached $1.566 billion in 2021, an increase of 1.6% year over year, according to the International Data Corporation’s Worldwide Semiannual Telecom Services Tracker. read more

ISM: Manufacturing Economic Activity Remains Positive Despite Labor Shortages

Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Federal Reserve Boosts Federal Funds Rate at Increment Not Seen Since 2000

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

ELFA: New Business Volume in Equipment Finance Rises 14% Y/Y in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

Equipment Finance Industry Confidence Dips Further in April

The Equipment Leasing & Finance Foundation released the April 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Confidence in the equipment finance market is 56.1, a decrease from the March index of 58.2. read more

ELFF’s Q2/22 Snapshot Projects 2.8% Growth in U.S. Economy in 2022

According to the Q2/22 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 2.8% in 2022, with growth driven by a gradually unraveling supply chain, business investment and continued consumer spending. read more

ELFF Forecasts 4.2% Equipment and Software Investment Growth in 2022

According to the Q2/22 update to the 2022 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation, equipment and software investment is expected to grow by 4.2% and U.S. GDP is expected to grow by 2.8% in 2022. read more

Small Business Loan Approval Rates from Most Lenders Rise in March

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to 20.6% in March, according to Biz2Credit. read more

KBRA: March Yields ‘Solid Credit Performance’ for Securitized Equipment Lease Pools

According to Kroll Bond Rating Agency’s March 2022 equipment loan and lease indices, March remittance reports showed solid credit performance across securitized equipment loan and lease pools during the month. read more

ELFA: New Business Volume in Equipment Finance Falls 4% Y/Y in February

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for February was $7.1 billion, down 4% year over year from new business volume in February 2021. read more

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Terry Mulreany
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