Antwerp xl
News service and business centre for materials handlingHOME

Materials handling investment rises as other sectors fall

Thursday, 20 Oct 2016 ( #792 ) - Washington, DC, United States
News Story
Modest equipment and software investment growth is expected for the rest of 2016 after a dismal first two quarters.

According to the Q4 update to the 2016 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation, the US can expect modest equipment and software investment growth for the rest of 2016, as economic headwinds continue to weigh on investment spending and confidence.

Ralph Petta, president and CEO of the Equipment Leasing and Finance Foundation, says: "The softer growth numbers projected for 2016 reflect overall hesitancy on the part of business decision-makers to invest in equipment and software until the cloud that is the US election cycle clears in November.  A potential wild card impacting 2017 investment growth is the Federal Reserve’s decision whether to increase short-term interest rates prior to year end."

Materials handling is one of the bright spots in the Economic Outlook, which is focused on the $1 trillion equipment leasing and finance industry.

The report predicts that materials handling equipment investment is likely to strengthen over the next three to six months.

All other industrial equipment investment growth is expected to rebound over the next three to six months, which should further boost the materials handling sector.

The report also suggests that US credit conditions will remain healthy overall, with little change from last quarter in the areas of consumer credit supply and financial stress, and only a slight decrease in commercial credit supply. Business demand for credit remains generally weak but has not deteriorated significantly from last quarter. Meanwhile, consumer credit demand continues to grow at a moderate pace, reflecting high consumer confidence.

Looking at the broader economy, the report notes "cross currents". Labour markets have been consistently strong this year, driving moderate gains in income, personal consumption expenditures, and housing. But at the same time, business investment and manufacturing activity continue to disappoint, and government spending has, thus far, experienced a sustained contraction.

Established in 1989, the Equipment Leasing & Finance Foundation is a non-profit organisation dedicated to inspiring thoughtful innovation and contributing to the betterment of the equipment leasing and finance industry.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.