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ELFA releases survey of economic activity for August.
2015-09-30 14:31:10| Industrial Newsroom - All News for Today
According to ELFA's Monthly Leasing and Finance Index (MLFI-25), overall new business volume for August was $6.9 billion, down 7% from August 2014. Volume was down 18% from $8.4 billion in July. Year to date, cumulative new business volume increased 6% compared to 2014. Receivables over 30 days were 0.99%, down slightly from 1.01% the previous month. Charge-offs were 0.22%, up from 0.19 the previous month, and credit approvals totaled 79.3% in August, up from 78.6% in July.
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Category:Industrial Goods and Services