WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, showed their overall new business volume for September was $9.4 billion, up 21 percent from new business volume in September 2013. Month over month, new business volume was up 31 percent from August. Year to date, cumulative new business volume increased 8 percent compared to 2013.
Filed under: NewsReceivables over 30 days decreased from the previous month to 1.0 percent, and were up slightly from .09 percent in the same period in 2013. Charge-offs were unchanged for the sixth consecutive month at an all-time low of 0.2 percent.
Credit approvals totaled 79.7 percent in September, relatively unchanged from the previous month. Total headcount for equipment finance companies was up 1.1 percent year over year.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index for October is 60.4, slightly better than the September index of 60.2, with survey participants indicating increasing or consistent demand tempered by U.S. economic concerns.
Join our thriving community of 70,000+ superintendents and trade professionals on LinkedIn!
Search our job board for your next opportunity, or post an opening within your company.
Subscribe to our monthly
Construction Superintendent eNewsletter and stay current. 
