Oct 25th, 2012 by Chris Newmarker
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U.S. businesses continue to tool up, despite a confusing economic environment.
The Washington, D.C.-based Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index found new business volume was $8.2 billion in September, up 17 percent from September 2011.
Year-to-date cumulative new business volume was up 16 percent.
Meanwhile, the Equipment Leasing & Finance Foundation, registered its Monthly Confidence Index at 53.3 for October, relatively unchanged from the September index of 53.0.
?While September?s sharp increase in new business volume is indeed encouraging, some equipment finance markets continue to show some softness,? William Sutton, Equipment Leasing and Finance Association president and CEO, said in a news release.
?Also, the run-up to the U.S. elections, high energy prices and continuing uncertainty brought about by fragile European economies is muting what might be an otherwise robust recovery for the U.S. economy,? Sutton said.
The economic situation in the United States looks even more uncertain after a string of disappointing corporate earnings reports.
The Monthly Leasing and Finance Index is available online.
Source: http://finance-commerce.com/bizcost/2012/10/businesses-continue-to-buy-and-lease-equipment/
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