NEW RELEASE🚨: Data from the November CapEx Finance Index (CFI), formerly the Monthly Leasing and Finance Index, indicate that durable goods orders are expected to grow by 0.12% in the upcoming November advanced report on durable goods. Year-to-date volume growth among surveyed ELFA member companies reached 4.2% in November, up from the 3.7% rate in October. Commenting on the results, Robert Moskovitz, Chief Financial Officer, Verdant Commercial Capital, said, "With the uncertainty of the presidential election results behind us and general stability of interest rates, all economic indicators point to a strong close to 2024 and into 2025. Absent of geopolitical risks, the general outlook for equipment demand should continue to ride the tailwinds created by expected investments in infrastructure, onshoring of manufacturing, pent-up demand and the continued clearing of backlogs still remaining due to supply chain issues.“ https://lnkd.in/e6ysZbEk #equipmentfinance #capex #economy #durablegoods
