Economy

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.

This month’s index is 71.3, steady with the May index of 72.1.

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

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

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

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

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.

August new business volume down 24% year-over-year, 23% month-to-month, and 4% year-to-date

Overall, confidence in the equipment finance market is 56.5, an increase from the August index of 48.4.

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.

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.

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.

Overall, confidence in the equipment finance market is 48.4, an increase from the July index of 45.3.

New business volume data follows unchanged Equipment Leasing & Finance Foundation’s Monthly Confidence Index.

ALAN continues coordinating transportation, warehousing, equipment and expertise for multiple natural disasters.