25 jun: Europa/aktier: Aldrene investorguru sænkede humøret
26 jun: USA/aktier: Tvivl før topmøde kostede ny nedtur
25-06-2012 22:09:00

US Capital-Equipment Loans, Leases Up 10.7% In May - Survey

Relateret indhold

--Equipment leasing and finance activity increased 10.7% in May from year earlier

--Loans and leases past due were unchanged from April

--Approval rate for loans and leases was 78% in May

By Bob Tita

A survey of credit providers showed that loans and leases for business equipment in the U.S. increased 10.7% in May from a year earlier, but capital spending volume was nearly unchanged from April.

Respondents to the Equipment Leasing and Finance Association's monthly survey said they financed $6.2 billion of new equipment last month, up from $5.6 billion in the year-earlier period. May's volume was up 1.6% from April, suggesting that spending is moderating in the face of weakening U.S. economic growth, lower prices for commodities and the sovereign debt crisis in Europe. Nevertheless, since the beginning of 2012, spending is up 15.9% from a year ago at $29.2 billion.

Spending on equipment has been expanding faster than the broader U.S. economy as companies replace worn-out or obsolete equipment after deferring such activity during the 2008 recession and the sluggish recovery.

"Although overall spending has steadily increased since the financial crisis, pockets of the market are still tenuous, said Maureen Carr, managing director of the corporate asset finance group for CapitalSource. "Some customers are cancelling or postponing purchases amidst softer commodity prices or weaker demand from abroad."

Credit portfolio quality measured by the survey improved slightly from a year earlier and was mostly stable on a month-to-month basis. Loans and leases past due by more than 30 days fell to 2.7% of survey respondents' net receivables in May, from 2.9% a year earlier and unchanged from April.

Charge-offs amounted to 0.5% of respondents' net receivables last month, down from 0.8% a year earlier and down from 0.6% in April. The approval rate for loans and leases was 78.3% in May, compared with 76.4% a year earlier and 76.4% in April. Survey respondents continued to cite construction and trucking as the industry sectors within their loan portfolios that are underperforming.

A monthly confidence index of the U.S. capital-equipment finance industry fell to 48.5 in June from 59.2 in May.

The 25 respondents to the association's survey included banks Wells Fargo & Co. (WFC), Bank of America Corp. (BAC) and Fifth Third Bancorp (FITB), as well as finance units for manufacturers Caterpillar Inc. (CAT), Deere & Co. (DE), Volvo Group and Dell Inc. (DELL).

Write to Bob Tita at robert.tita@dowjones.com

(END) Dow Jones Newswires

June 25, 2012 16:09 ET (20:09 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Widex/CEO: Stolt over at nå indtjeningsmål et år før tid - NY

30-08-2016 14:26:19
Den privatejede høreapparatvirksomhed Widex leverede flotte tal for både toplinjen og driften i sit årsregnskab for 2015/16, der blev præsenteret tirsdag morgen..

Vestas' gigaprojekt i USA får grønt lys af myndighederne

30-08-2016 09:52:22
Vestas' potentielle gigaordre på op til 2000 megawatt (MW) i USA er rykket et skridt nærmere.Myndighederne i staten Iowa har netop godkendt planerne for det såk..

Aktier/tendens: Udsigt til lav omsætning med lille pil op

30-08-2016 07:46:43
Regnskabssæsonen er ved at ebbe ud, og det lader til, at investorerne lige skal tage ny luft ind, inden de begynder at kaste sig ud i nye aktieeventyr. Der kan ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/HSBC: Kursmålet løftes næsten 13 pct.
2
Vestas' gigaprojekt i USA får grønt lys af myndighederne
3
Mærsk: Containerrival styrtdykker på børsen i Seoul
4
Mandagens aktier: Mærsk gled til toppen efter norsk olienyt
5
Aktier/tendens: Udsigt til lav omsætning med lille pil op

Relaterede aktiekurser

Bank of America Corporat.. 15,84 0,3% Stigning i aktiekurs
Caterpillar Inc 83,10 0,5% Stigning i aktiekurs
Deere & Company 86,93 0,0% Aktiekurs uændret
Wells Fargo & Company 49,56 0,0% Aktiekurs uændret
Fifth Third Bancorp 19,81 0,0% Aktiekurs uændret
Bank of America Corporat.. 15,90 13,6% Stigning i aktiekurs
Caterpillar 81,10 0,0% Aktiekurs uændret
Caterpillar Inc 73,94 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
30. august 2016 16:51:33
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160826.1 - EUROWEB3 - 2016-08-30 16:51:33 - 2016-08-30 16:51:33 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x