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Services economy starts 2024 strongly, reports ISM
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM added that the overall economy, like the January Services PMI, saw growth, at a faster rate, for the 13th consecutive month as well.

Talking Supply Chain Podcast: The Jackie Chan Way
On this episode, Stanley Fawcett, Michael Knemeyer and Markus Greschberger discuss what supply chain managers can learn about complexity from Jackie Chan. SCMR’s Editorial Director Bob Trebilcock hosts.

Equipment finance industry confidence remains steady in June
This month’s index is 71.3, steady with the May index of 72.1.

ELFA names top 10 equipment acquisition trends for 2021
The Equipment Leasing and Finance Association (ELFA) names top 10 equipment acquisition trends for 2021

NAM’s final manufacturing survey for 2020 finds cautious optimism
In the National Association of Manufacturers' Q4 survey, 74.2% of manufacturers responding felt positive about their own company’s outlook, up from 66% last quarter

Equipment leasing index for November shows a decline for new business volume
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index shows November new business volume down 7% year-over-year, and down 21% month-to-month

Forecast for equipment leasing and software in 2021 calls for 7.8% expansion
The Equipment Leasing & Finance Foundation's forecast for equipment leasing and software in 2021 calls for 7.8% expansion

ELFA: 2020 forecasts positive equipment and software investment growth in Q4
GDP growth for 2020 is forecast between -3.8 and -4.8 percent, according to the Q4 update to the 2020 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.

ELFA: Monthly Leasing and Finance Index new business down $7b in August
August new business volume down 24% year-over-year, 23% month-to-month, and 4% year-to-date

Equipment Leasing and Finance industry confidence higher in September
Overall, confidence in the equipment finance market is 56.5, an increase from the August index of 48.4.

Retail sales see August gains, especially ecommerce, show reports from Dept. of Commerce and NRF
Commerce reported that total August retail sales eked out a 0.6% increase over July and were up 2.6% annually. Non-store retail, which includes e-commerce, saw a 22.4% annual gain.

ISM Services PMI notches third straight month showing expansion
The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—slipped 1.2%, to 56.9, in August (a reading of 50 or higher indicates growth is occurring). This came on the heels of a 1% gain to 58.1, in July and an 11.1% gain, to 57.1, in June, which halted a two-month stretch of declines.

ELFA: July new business volume down 3% year-over-year
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index also showed volume was up 3% month-to-month from $8.9 billion in June.

Equipment Leasing and Finance Industry confidence improves in August
Overall, confidence in the equipment finance market is 48.4, an increase from the July index of 45.3.

ELFA: June down 10% year-over-year, up 33% month-to-month, down 0.5% year-to-date
New business volume data follows unchanged Equipment Leasing & Finance Foundation’s Monthly Confidence Index.


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