Economy

Citizens Business Conditions Index Rebounds Slightly in Q3

A strong labor market and resilient consumer trends supported a slight improvement in economic conditions in the U.S. during the third quarter as inflation showed some signs of abating, according to the Citizens Business Conditions Index. read more

ELFF Projects 2.3% Growth in US Economy for 2023 in Latest Industry Snapshot

According to the Equipment Leasing & Finance Foundation’s Q4/23 Equipment Leasing & Finance Industry Snapshot, the foundation projects that the U.S. economy will grow by 2.3% annualized in 2023. read more

ACT Research’s September For-Hire Trucking Index Suggests Gradually Improving Freight Market

The latest release of ACT Research’s For-Hire Trucking Index showed continued improvement in freight volumes, pricing and driver availability. read more

ELFA’s Monthly Leasing and Finance Index Shows 5% Y/Y Decrease in September New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for companies participating in the index in September was $9.7 billion, down 5% from new business volume in September 2022. read more

October Beige Book Shows Weaker Loan Demand, Modest Price Increases

The Federal Reserve released its October Beige Book, while little to no change in overall economic activity was reported month over month, banks reported weaker loan demand as prices continued to increase. read more

BMO Blue Book: U.S. Economy is Resilient but Predicted to Slow in Early 2024

According to a new report from BMO Blue Book, while the U.S. economy is remaining resilient, amid aggressive monetary tightening, it is predicted to slow in early 2024. read more

Golub Capital: U.S. Middle Market Shows Strongest Earnings Growth Since 2021

Middle-market private companies in the Golub Capital Altman Index grew earnings by 13% during the first two months of Q3/23, marking the highest year-over-year earnings growth since Q3/21. Revenue grew 8% during the same period. read more

Small Business Loan Approvals Slide at Big Banks, Rise at Other Lenders in September

Small business loan approval percentages at big banks ($10 billion or more in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index. read more

Economic Activity in Hospital Subsector Bounces Back in September

Economic activity in the hospital subsector grew in September after contracting in August, which was the second time the sector had contracted in the previous five months, with 35 consecutive months of growth prior to that, according to the Institute for Supply Management. read more

Economic Activity in Services Sector Expands Again in September

Economic activity in the services sector expanded in September for the ninth consecutive month, according to the latest Services ISM Report on Business from the Institute for Supply Management. The sector has grown in 39 of the last 40 months, with the lone contraction in December 2022. read more

U.S. Bank’s CFO Insights Report Shows Finance Leaders Have Shifted to Defense Mode

U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to U.S. Bank’s 2023 CFO Insights Report. read more

ELFA’s Monthly Leasing and Finance Index Shows 14% Y/Y Increase in August New Business Volume

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed overall new business volume for August was $10.1 billion, up 14% year over year from new business volume in August 2022. read more

SMB Optimism, Expectations for Profitability Rise Despite Lingering Economic Concerns

According to Umpqua Bank’s recently released annual business barometer, while concerns about the direction of the U.S. economy persist, business optimism is rising and expectations for revenue and profitability are increasing. read more

More Than Half of Restaurant Operators Are Planning Increase to Equipment Budgets

More than half of restaurant operators are planning to increase their equipment and supply budgets in 2023, and 67% plan to make kitchen equipment replacements, according to a new study released by the Equipment Leasing & Finance Foundation. read more

Small Businesses Remain Confident, Undeterred by Economic Outlook

Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to the ninth annual First Citizens Bank Small Business Forecast. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com