Economy

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

Federal Reserve Decides to Boost Federal Funds Rate

On Wednesday, the Federal Reserve unveiled its plan to increase the federal funds rate to 0.25% to 0.5%. According to the Wall Street Journal, the Fed last increased interest rates in 2018. read more

Equipment Finance Industry Confidence Continues Recent Slide in March

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 58.2 this month, easing from the February reading of 61.8. The ELFF’s confidence metric has now declined in four straight months. read more

Small Business Loan Approval Rates Continue to Rise in February

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to 20.5% in February, according to Biz2Credit. read more

Economic Activity in Hospital Subsector Grows in February Despite Drop in Some Metrics

According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a year. read more

Profits for Women-Owned Businesses Decreased by 26% in 2021

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021. read more

Manufacturing Economic Activity Grows in March Amid Growing Demand

Economic activity in the manufacturing sector grew in February, with the overall economy achieving a 21st consecutive month of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Services Economic Activity Retreats Slightly in February But Remains in Growth Mode

According to the Institute for Supply Management, economic activity in the services sector grew in February for the 21st month in a row despite what Anthony Nieves, chair of the ISM’s services business survey committee, called a “pullback” in some indexes. read more

New Orders for Durable Goods Increase 1.6% in January

According to the U.S. Census Bureau’s January durable goods report, new orders for manufactured durable goods in January increased $4.3 billion, or 1.6%, to $277.5 billion. read more

New Business Volume in Equipment Finance Rose 2% Y/Y in January

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for January was $8.3 billion, up 2% year over year from new business volume in January 2021. read more

GAMA: Aircraft Deliveries in 2021 Valued at $25.2B, Up 10.2% Compared with 2020

According to the General Aviation Manufacturers Association, when compared with 2020, all aircraft segments experienced increases in shipments and preliminary aircraft deliveries were valued at $25.2 billion, an increase of 10.2% compared with 2020.  read more

Non-Bank Lenders Forecast Demand Increase and Economic Downturn in 2022

According to Cerebro Capital, 52% of non-bank lenders expect increased commercial and industrial loan demand that began in Q4/21 to continue due to a predicted deterioration of the economy over the next six to 12 months. read more

Equipment Finance Industry Confidence Slips in February

According to the Equipment Leasing & Finance Foundation’s February 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 61.8, easing from the January index of 63.9. read more

Small Business Loan Approval Rates Increase Among Most Lenders in January

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.3% in December to 14.5% in January and approval rates at small banks (under $10 billion in assets) rose from 20.1% in December to 20.3% in January, according to Biz2Credit. read more

ELFA Releases Takeaways from Monthly Leasing and Finance Index Results From 2021

According to a list of takeaways from the Equipment Leasing and Finance Association’s recent webinar covering a summary of the findings of its Monthly Leasing and Finance Index (MLFI-25) reports from 2021, metrics from the index in 2021 were positive overall. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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