WASHINGTON, July 13, 2018 (GLOBE NEWSWIRE) -- After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.0 percent (down from 8.5 percent in the Q2 Economic Outlook published in April) according to the Q3 update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. Business investment continues to expand at a robust pace, contributing to a likely strong year for the U.S. economy. Overall, the economy is expected to grow 2.8% in 2018 (up from 2.7% in our previous outlook, and significantly better than last year’s 2.3% growth rate). The quarterly report by the Foundation, which is focused on the $1 trillion equipment leasing and finance sector, highlights key trends in equipment investment and places them in the context of the broader U.S. economic climate.
Jeffry D. Elliott, Foundation Chairman and Senior Managing Director of Huntington Equipment Finance said, “Momentum continues to be positive for the equipment finance industry with a forecast including a stable growing capital expenditure environment.”
Highlights from the study include:
The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is included in the report, tracks 12 equipment and software investment verticals. In addition, the “Momentum Monitor Sector Matrix” provides a customized data visualization of current values of each of the 12 verticals based on recent momentum and historical strength. Overall, investment in most equipment verticals should remain solid in 2018. Over the next three to six months:
The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research LLC. The annual economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook, and key economic indicators. The Q3 report is the second update to the 2018 Annual Outlook and will be followed by one final quarterly update prior to the publication of the 2019 Annual Outlook in December.
Download the full report at https://www.leasefoundation.org/industry-resources/u-s-economic-outlook/. All Foundation studies are available for free download from the Foundation’s online library at http://store.leasefoundation.org/.
JOIN THE CONVERSATION
Twitter: https://twitter.com/LeaseFoundation
Facebook: https://www.facebook.com/LeaseFoundation
LinkedIn: https://www.linkedin.com/company/10989281/
Vimeo: https://vimeo.com/elffchannel
ABOUT THE FOUNDATION
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that propels the equipment finance sector—and its people—forward through industry specific knowledge, intelligence, and programs that contribute to industry innovation, individual careers, and the overall betterment of the equipment leasing and finance industry. The Foundation is funded through charitable individual and corporate donations. Learn more at www.leasefoundation.org.
Media Contact:
Anneliese DeDiemar
202-238-3425
adediemar@leasefoundation.org