"Even more robust demand for financing is being constrained by supply chain shortages in several economic subsectors."
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."
Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
New business volumes dropped substantially in July and are off 8% compared with 2015, says ELFA.
A sputtering economy, a contraction in trade, and political uncertainty are having an impact on U.S. business investment, says the ELFF.
“Sluggish activity to begin the second quarter seems to have continued the relatively soft Q1," said ELFA's chief executive.
Origination volume in February was nearly flat, and receivables over 30 days and charge-offs 'inched upward,' says ELFA.
Ahead of a key deadline for comments on a new lease-accounting proposal, more discord over the rules surfaces. Equipment lease- financing firms wonder if global convergence can be achieved.
FASB and IASB are moving closer towards a converged final standard on how to account for leases. But several sticking points remain.
A new lease accounting proposal by regulators is still getting pummeled by finance executives.
