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Equipment Leasing and Finance Association's Survey of Economic Activity: Monthly Leasing and ...

2013-06-21 06:00:00| Industrial Newsroom - All News for Today

ELFA's Monthly Leasing and Finance Index for May indicates 21% increase in new business volume compared to May 2012, at $7.5 billion, unchanged from April 2013. Year to date, cumulative new business volume was up 11%. Index also showed receivables over 30 days declined to 1.6%, while charge-offs remained unchanged and credit approvals increased to 78.8%. William G. Sutton, ELFA President and CEO, said data suggest equipment finance sector is on verge of breakout performance. This story is related to the following:Trade Associations

Tags: and equipment finance activity

Category:Industrial Goods and Services

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