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U.S. Economy / Markets

Equipment Leasing Finance Association Releases Reports
It was a good week for the $827 billion equipment financing sector based on a pair of reports from the Equipment Leasing and Finance Association.
Compact Equipment – 7/25/2014

Manufacturing Continues Rebound from Winter Woes
http://www.aem.org/MarketInfo/MarketIntel/Reports/MondayEconomicReport/
National Association of Manufacturers – 7/23/2014

Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
BBC News – 7/9/2014

U.S. second-quarter growth forecasts cut on tepid consumer spending
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
Reuters – 6/26/2014

U.S. Economy Shrank in First Quarter by Most in Five Years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Bloomberg – 6/25/2014

Markit Manufacturing Index in U.S. Increases to 57.5 From 56.4
The Markit Economics preliminary index of U.S. manufacturing increased to 57.5 in June, the highest since May 2010, from 56.4 a month earlier, the London-based group said today.
Bloomberg – 6/23/2014

Equipment Financing Confidence Dips from Two-Year High
The Equipment Leasing & Finance Foundation has released its June 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
Lift & Access – 6/20/2014

US central bank cuts growth forecast for 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.
BBC News – 6/18/2014

At Year's Midpoint, Manufacturers Expect Better Second Half
Despite a very weak start to 2014, there is an expectation among manufacturers that the second half of the year will be better than the first. Indeed, average manufacturing sales forecasts are the highest in two years.
National Association of Manufacturers – 6/16/2014

Construction Spending Rises Modestly in April
Total construction spending rose modestly for the third straight month in April as a mix of increases and declines in public and private categories showed the sector's recovery remains fragile and fragmented, according to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC). Association officials said the industry could benefit from new federal investments in infrastructure to offset declining public sector demand.
Construction Equipment Guide – 6/11/2014