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ELFA's Economic Activity Survey shows new business rising.
2015-08-05 14:31:08| Industrial Newsroom - All News for Today
Reporting on economic activity of $903 billion equipment finance sector, ELFA's Monthly Leasing and Finance Index (MLFI-25) shows overall new business volume for June at $9.5 billion. This is up 4% from June 2014 and 34% from May. Year to date (YTD) cumulative new business volume increased 9% compared to 2014. Receivables over 30 days were 1.1%, and charge-offs remained at 0.2%. Also, credit approvals totaled 79.4%, up from 79.2% in May. Separately, MCI-EFI for July is 62.6.
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Category:Industrial Goods and Services