2019 U.S. Economic Outlook Q3 Update Forecasts 3.9% Expansion in Equipment and Software Investment and 2.5% GDP Growth

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WASHINGTON, July 12, 2019 (GLOBE NEWSWIRE) -- After two consecutive years of solid growth, equipment and software investment growth is likely to slow in 2019 to 3.9 percent (down from 4.5 percent in the Q2 update of the Economic Outlook published in April), according to the Q3 update to the released today by the . Business conditions for the equipment finance industry softened in the first half of the year as the U.S manufacturing sector weakened, and investment growth in several key verticals is expected to slow or contract in the second half of 2019.

Highlights from the report include:

The , which is included in the report, tracks 12 equipment and software investment verticals. In addition, the “Momentum Monitor Sector Matrix” provides a customized data visualization of current values of each of the 12 verticals based on recent momentum and historical strength. Several equipment verticals should expect their growth outlook to remain steady in the second half of 2019. Over the next three to six months:

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook, and key economic indicators. The Q3 report is the second update to the 2019 Economic Outlook and will be followed by one final quarterly update before the publication of the 2020 Economic Outlook in December.

Download the full report at . All Foundation studies are available for free download from the Foundation’s online library at .

Media Contact:Anneliese DeDiemar202-238-3425adediemar@leasefoundation.org

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Globe Newswire: 13:00 GMT Friday 12th July 2019

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