The second quarter update of the Equipment Leasing & Finance Association’s (ELFA) 2024 Equipment Leasing & Finance U.S. Economic Outlook report envisions accelerating growth for the leasing and finance industry. That’s based on forecast growth of 2.2 percent in equipment and software (E&S) investment and a 2.3 percent growth in Gross Domestic Product (GDP).
A recent article in Pro Contractor Rentals noted that the ELFA report anticipates a “soft landing” for the U.S. economy and accelerating growth as the year progresses despite negative E&S investment in the last two quarters. An analysis of 12 major E&S vertical markets forecast that over the next two quarters five will be expanding, three will be weakening, two are recovering and two are expected to remain the same.
The 2.3 percent GDP growth in the second quarter update is an improvement over the 1.7 percent growth projected in the Outlook published in December 2023.
A recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreThe Construction Index reports that April marked the third consecutive month of construction output growth in Great Britain according to the Office for National Statistics.
Read moreAccording to a recent Construction Briefing article, the Hamburg Commercial Bank Purchasing Managers’ Index declined to 45.6 in May from April’s 46.0, with any score under 50 representing a decline in activity.
Read moreA recent article in Compact Equipment magazine explored the difference and offered some guidelines for selecting the best balance for various applications.
Read moreIn an article in Construction Briefing magazine, Ace Construction Equipment (ACE) executive director, Sorab Agarwal, cited India’s 6.5 percent annual GDP growth rate and expanding domestic and international markets for the company’s success.
Read moreRental attachments are an often-overlooked profit builder, and smart management is the key to a better return on your investment. A recent article in Pro Contractor Rentals magazine offered four suggestions for running a smarter rental yard.
Read moreExecutives at major North American lift manufacturers anticipate product demand to soften moderately in 2025.
Read moreThe event will allow industry experts to share insights on a range of issues, OEM trends and current and emerging technologies.
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