Daily news for the equipment finance sector | |
Industry News | | |
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- Small-business lending posts significant drop
Small-business lending in September fell to its lowest level in 14 months, according to the Thomson Reuters/PayNet Small Business Lending Index. "It's unlikely you are going to get a lot of growth" from small businesses, PayNet co-founder and President William Phelan said. Reuters
(11/1)
- Global construction firms face challenge from China
As construction companies in the U.S. and other developed economies bid on projects worldwide, China has replaced Japan as their most-feared competitor, according to The Economist. China State Construction & Engineering, the world's largest construction company, is renovating New York's Alexander Hamilton Bridge. "The world's biggest builders are getting a growing share of the work," the magazine notes. The Economist
(10/27)
Market Trends | | |
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- Chinese factory output and orders increase
China's manufacturing sector shifted from decline to expansion in October, and factory orders increased. The government's purchasing managers index rose to 50.2, from 49.8 in September, on a scale in which anything higher than 50 points to growth. A manufacturing index by HSBC Holdings and Markit Economics reached an eight-month high. Bloomberg
(11/1), Xinhuanet.com (China)
(11/1)
- Corporate-bond sales surge as investors hunt for returns
Corporate-bond sales this year are near a 2009 record as investors pursue higher returns than seen in government bonds and as companies take advantage of low borrowing costs. "There's a lot of money out there looking for a home," said Elisabeth Afseth of Investec Bank. "Government bonds give you almost nothing, so you're left with corporate bonds, which give you a little bit more than nothing." Bloomberg
(10/31)
Government & Regulatory | | |
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ELFA Member News | | |
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ELFA News | | |
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Get an insider's look
In this economy, you need to stay on top of trends in the marketplace to keep your competitive edge. Mine business intelligence from the 2012 Survey of Equipment Finance Activity, the most important and comprehensive source of statistical information on the equipment-leasing and -finance industry. Get an insider's look at data from 109 equipment-finance companies, by volume size, organization type, market segment and business model. You can't get this information anywhere else.
David Wiener, ELFA member and managing director at The Alta Group, said, "This kind of business intelligence would cost any organization well into the six figures to data mine on their own. There is no data repository within our industry that even comes close."
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