Equipment-finance sector posts "meager" growth

04/30/2013 | Finance and Commerce (Minneapolis)

ELFA has reported $6.8 billion in new business for March, largely the same volume as in March 2012 and "another sign of slow U.S. economic growth in the first half of 2013," Chris Newmarker writes. In addition, the Equipment Leasing & Finance Foundation's Monthly Confidence Index for the Equipment Finance Industry has dropped to 54 this month, from 58 in March, amid "continuing concerns over the economy and federal government budget issues," Newmarker writes. However, ELFA President and CEO William G. Sutton says "relatively benign fundamentals" could strengthen business growth.

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Finance and Commerce (Minneapolis)