Economy

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

ELFA: New Business Volume Grows for 5th Straight Year

New business volume grew by 6.7% in the equipment finance industry in 2014, according to the 2015 Survey of Equipment Finance Activity from the Equipment Leasing and Finance Association. read more

Transportation Equipment Helps Boost New Orders

The U.S. Census Bureau said new orders for manufactured durable goods in June increased $7.7 billion in June. Transportation equipment was said to have led the increase. read more

ELFA: New Business Volume on the Rise in June

According to the ELFA’s monthly leasing and finance index, overall new business volume was up 4% to $9.5 billion in June. read more


ELFF: Equipment Finance Industry Confidence Steady

According to the Monthly Confidence Index from the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market in July (62.6) remained largely in step with the same reading from June (63.0). read more


Balboa: Small Business Owners Bullish About Rest of 2015

According to a survey by Balboa Capital, a majority of small business owners believe that the U.S. economy is on the trending upward and will remain strong in the second half of 2015. read more

Beige Book Indicates Moderate Economic Expansion

According to the most recent Beige Book, economic activity expanded from mid-May through June in all 12 sectors. The majority of those sectors grew at either a moderate or modest pace. read more

ELFF Expects 5% Growth in Equipment Investment

According to the Q3 update from the Equipment Leasing and Finance Foundation, business confidence will likely improve and fuel greater investment in the second half of 2015. read more

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Terry Mulreany
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