Economy

Economic Activity in Manufacturing Sector Contracts Again in July

Economic activity in the manufacturing sector contracted in July for the ninth consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

KBRA Predicts CRE Non-Performing Loan Transactions Could Be Issued Next Year

Kroll Bond Rating Agency released a research report analyzing non-performing loan transactions since the global financial crisis. KBRA said that while commercial real estate non-performing loans are unlikely this year, it is possible that some could be explored for issuance next year. read more

OCC, Fed and FDIC Propose New Capital Requirement Rules for Large Banks

The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large bank capital requirements and implement the final components of the Basel III agreement. read more

Federal Reserve Boosts Interest Rates After Pause in June

On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its fourth such move of 2023 following a pause in June.  read more

ELFF Projects US Economy Will Grow by 1.6% in 2023, Still Expects Recession

The Equipment Leasing & Finance Foundation released its Q3/23 Equipment Leasing & Finance Industry Snapshot. The foundation projected that the U.S. economy will grow by 1.6% in 2023 but continues to expect a recession to begin before the end of the year. read more

Grant Thornton Survey Finds Finance Leaders Making Push for Growth

A new survey from Grant Thornton revealed that CFO are focused on two areas that could lead to revenue gains: building and preserving their workforces and investing in technology that delivers efficiency and revenue gains. read more

ELFA Reports Equipment Finance New Business Volume Up 6% Y/Y in June

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $10.9 billion, up 6% year over year from new business volume in June 2022 and up 15% from $9.5 billion in May. read more

Confidence in Equipment Finance Market Increases in July

According to the Equipment Leasing & Finance Foundation‘s July 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) , overall confidence in the equipment finance market is 46.4, an increase from the June index of 44.1. read more

ELFF Raises GDP Forecast to 1.6%, Drops Equipment Investment Expectations for 2023

The Equipment Leasing & Finance Foundation raised its annual U.S. GDP forecast to 1.6% but decreased its annual estimate for equipment and software investment growth to 0.9% in the third quarter update to its 2023 Equipment Leasing & Finance U.S. Economic Outlook. read more

ELFA Survey Reports 6.3% Increase in New Business Volume in Equipment Finance in 2022

The equipment industry increased new business volume by 6.3% in 2022, according to the 2023 Survey of Equipment Finance Activity (SEFA) from the Equipment Leasing and Finance Association. This result is a modest decrease from the industry’s growth of 7.4% in 2021. read more

Middle-Market Business Leaders Hold Mixed Views on Recession Likelihood

According to JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey, 45% of business leaders anticipate a recession before year-end or believe the economy is already in one, down from 65% six months ago. read more

Golub Capital Altman Index Shows Middle-Market Earnings Growth During Q2/23

According to the Golub Capital Altman Index, middle-market private companies in the index experienced year-over-year earnings growth of 5% and revenue growth of 4% during the first two months of Q2/23. read more

MMP Capital Reports 26% Y/Y Increase in Originations in Q2/23

MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, experienced an increase in originations in Q2/23, with total originations reaching nearly $100 million, marking a 26% year-over-year increase from the same period in 2022. read more

Economic Activity in the Services Sector Expands in June for 6th Consecutive Month

According to the latest Services ISM Report on Business from the Institute for Supply Management, economic activity in the services sector expanded in June for the sixth consecutive month as the Services PMI registered 53.9%. read more

Economic Activity in Manufacturing Sector Contracts Again in June

Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

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