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Higher Industry Growth Forecast for 2017

By ljnstaff | Law Journal Newsletters
August 02, 2017

The Equipment Leasing & Finance Foundation has released its Q3 update to the 2017 Equipment Leasing & Finance U.S. Economic Outlook, which increased its yearly equipment and software investment forecast to 3.6%, up from 2.8% growth forecast in its 2017 Annual Outlook released in April.

The report predicts that equipment and software investment should continue to bounce back from a lackluster 2016 after a solid start in the first quarter of 2017, driven by overall improvements in business confidence and a more positive outlook for the industrial sector. The Foundation's report, which is focused on the $1 trillion equipment leasing and finance industry, highlights key trends in equipment investment and places them in the context of the broader U.S. economic climate.

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