New Report of Equipment Finance Activity Shows Performance for Industrial/Manufacturing SectorTuesday, July 14, 2009
The 2009 Survey of Equipment Finance Activity (SEFA) was released by the Equipment Leasing and Finance Association (ELFA) today, showing equipment lease and loan activity of responding companies by product, structure and origination. SEFA highlights are detailed in the press release below. The SEFA shows that for the manufacturing/industrial sector, within the sample of ELFA member companies surveyed
- New business volume by end-user industry remained constant at 9.7% from 2007 to 2008.
- New business volume by equipment type declined slightly for production and process control equipment from 1.6% to 1.5% and for machine tools from 2.1% to 2.0%. NBV remained constant for plastic extrusions at 0.2% and Industrial/Manufacturing – other at 0.7%. Semi-conductors were down from 0.4% to 0.1%.
- Materials handling equipment new business volume increased to 2.6% up from 2.3% the previous year.
- Overall SEFA new business volume declined 2.2%.
Please contact Diane Johnson, On behalf of the Equipment Leasing and Finance Association, at firstname.lastname@example.org or 703/391-2056 if you would like a PDF file of the report sent to you.View all Industry News