Much economic attention has been focused on Greece and China in recent weeks, so it is timely to look at the US. And things are looking up, with business confidence on the rise and investment in equipment continuing to grow.
The latest update from the Equipment Leasing and Finance Foundation tips investment to grow by 5% this year.
It notes that an anticipated Fed rate increase later this year could encourage households and businesses to 'pull forward' investments in the coming months.
While some sectors are tipped for significant growth, predictions for the materials handling equipment market are a bit less optimistic, with indications that investment growth could slow over the next three to six months.