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According to the Equipment Leasing and Finance Association, a group that represents lenders who finance a portion of capital equipment investment in the U.S., its capex financing index dropped 37.7% from the prior year — a much steeper decline than January's 24.0% slump.
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The company has a full plate for the upcoming year as they are planning on closing a round financing, indexing at least 100,000 videos (they are now at 11K), creating more business partnerships and enhancing the community through knowledge sharing channels and features.
The household finance index measures overall perceptions of financial wellbeing.
The Markit household finance index fell from 45.5 in May to 43.8 this month.
The Standard & Poor's supercomposite thrifts and mortgage finance index closed up 2.6percentt yesterday.
The headline household finance index fell to 41.9 in March from 42.1 in February, where anything below 50 indicates contraction.
Markit's household finance index suggests consumer demand should remain robust, although concerns over job security persist.
Expectations for finances over the next 12 months picked up to 49.8 on the Markit household finances index in August, from 47.1 in July.
The survey firm's household finances index stands at a six-month low, with households on the lowest incomes the most fearful of a worsening outlook for family budgets.
Citing Markit's latest household finance index, which is based on a survey of 15,000 households, he said: "Households have already started to adjust to the reality of rate hikes drawing nearer, mentally at least.
Chris Williamson, chief economist at Markit Williamson said Markit's monthly household finances index showed some pick up in people's total pay but he questioned whether hourly pay was actually rising: I think pay is up more than the official data is showing at the moment and we will even start to see those numbers start to improve in 2014.
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