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WASHINGTON, Oct. 23, 2024 (GLOBE NEWSWIRE) — The U.S. economy remains on strong footing, fueled in part by continued healthy investment in equipment and software, according to the Q4 update to the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 4.4% in 2024, with a modest near-term outlook for investment growth and the potential for improvement next year as interest rate cuts start to take effect in the economy. The report, which was prepared by Keybridge and released today by the Equipment Leasing & Finance Foundation, also forecasts real GDP growth of 2.7% this year, a slight uptick from the Foundation’s Q3 update to the 2024 Economic Outlook published in July.

The Foundation’s report is focused on the $1.16 trillion equipment leasing and finance industry and highlights key trends in equipment investment, placing them in the context of the broader U.S. economic climate.

Leigh Lytle, President of the Foundation, and President & CEO of the Equipment Leasing and Finance Association, said, “The Foundation’s Q4 Outlook continues to support a soft-landing scenario and provides optimism for 2025 investment activity. The U.S. economy has been impressively resilient but heightened political and economic uncertainty, as well as weather-related business interruptions, are likely to slow investment growth in Q4. We are optimistic that activity will remain strong in 2025, however, as Fed rate cuts start taking effect and election-related uncertainty abates. The Monthly Confidence Index for the Equipment Finance Industry agrees with Q4 Outlook findings, holding steady in October at its highest level since 2022.”

Highlights from the Q4 update to the 2024 Outlook include:

• Equipment and software investment bounced back in Q2 after three consecutive weak quarters, expanding by a strong 7.0% (annualized). Aircraft investment was primarily responsible for the improvement, along with information processing equipment, while industrial equipment contracted modestly.
• The U.S. economy experienced broad-based growth in the second quarter, expanding at a 3.0% annualized rate (up from 1.6% in Q1). Softer-than-anticipated job growth and rising unemployment over the summer raised questions about the long-term sustainability of the current economic expansion. However, layoffs remain low by historical standards, real wage growth is healthy, inflation is modestly elevated but largely contained, and the prospect for additional rate cuts later this year and next year should provide a boost to hiring and investment. The economy appears poised for growth in the new year.
• The manufacturing sector continues to struggle. Both shipments and new orders of core capital goods are sluggish, industrial production is soft, the ISM Purchasing Managers Index for Manufacturing has contracted for 22 out of the last 23 months, and manufacturing employment has fallen by 50,000 workers in 2024 (including 34,000 in the last two months).
• Small business owners have adopted a more cautious posture despite generally favorable business conditions. Recent shifts in the labor market, rising geopolitical tension, and the 2024 election have led to a rapid rise in uncertainty that may depress investment activity in the near term. At the same time, if inflation remains in check and the Fed gradually cuts rates as expected, activity should pick up again in early 2025.
• The Fed is characterizing its decision to cut rates by 50 bps rather than 25 bps as a “recalibration” rather than an emergency reaction to a weakening labor market. The Fed maintains that rate cuts are not intrinsically linked to a looming recession, but rather that a controlled easing of monetary policy, if properly timed and calibrated, can help keep the economy on track.

The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor, which is released in conjunction with the Economic Outlook, 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. This month two verticals are expanding, two are peaking, four are recovering, and four are weakening. Over the next three to six months the Foundation expects the following trends to materialize on a year-over-year basis:

• Agriculture machinery investment growth will continue to weaken.
• Construction machinery investment growth will continue to contract.
• Materials handling equipment investment growth may improve modestly.
• All other industrial equipment investment growth will remain muted, though recent movement is encouraging
• Medical equipment investment growth may expand modestly, but momentum is soft.
• Mining and oilfield machinery investment growth will remain weak, though recent movement is encouraging.
• Aircraft investment growth should continue to improve.
• Ships and boats investment growth appears to have bottomed out and should improve.
• Railroad equipment investment growth should remain positive, though momentum is slowing.
• Trucks investment growth will remain soft and may turn negative.
• Computers investment growth should continue to expand at a robust pace.
• Software investment growth will expand at a solid pace.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economic and public policy consulting firm Keybridge Research. The annual economic forecast provides the U.S. macroeconomic outlook, credit market conditions, and key economic indicators. The Q4 report is the third update to the 2024 Economic Outlook, and will be followed by the publication of the 2025 Economic Outlook in December.

Download the full report at https://www.leasefoundation.org/industry-resources/u-s-economic-outlook/.

Download the Momentum Monitor at https://www.leasefoundation.org/industry-resources/momentum-monitor/.

All Foundation studies are available for free download from the Foundation’s online library at http://store.leasefoundation.org/.
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ABOUT THE FOUNDATION
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that propels the equipment finance sector—and its people—forward through industry-specific knowledge, intelligence, and student talent development programs that contribute to industry innovation, individual careers, and the advancement of the equipment leasing and finance industry. The Foundation is funded through charitable individual and corporate donations. Learn more at www.leasefoundation.org.

Media Contact: Kelli Nienaber, knienaber@leasefoundation.org

Wall Street is on track for its third consecutive day of losses as investors grow cautious about risky assets, awaiting more clarity on U.S. fiscal and monetary policies and scrutinizing the latest batch of corporate earnings.

Both equities and commodities took a hit on Wednesday, while the U.S. dollar gained strength, attracting investor flows as traders moved to safer cash positions.

The U.S. dollar index, as tracked by the the Invesco DB USD Index Bullish Fund ETF UUP, rose 0.5%, reaching levels last seen in late July.

At midday in New York, the S&P 500 was down 0.7%, attempting to hold support around the 5,800-point level. The Dow Jones also dropped 0.7%, and tech stocks, along with small caps, fared worse, sliding by 0.9%.

On the data front, mortgage applications declined for the fourth straight week, reflecting continued pressure from elevated borrowing costs.

Existing home sales fell by 1% in September to a seasonally adjusted annualized rate of 3.84 million, the lowest level since October 2010. This follows an upwardly revised 3.88 million in August and missed forecasts of 3.9 million.

Despite weak housing data, real estate stocks showed surprising resilience. The Vanguard Real Estate ETF VNQ and the SPDR Homebuilders ETF XHB moved higher after two straight sessions of losses.

Gold prices, as tracked by the SPDR Gold Trust GLD, fell more than 1%, pulling mining stocks down with it. Silver plummeted over 3%, retreating from 12-year highs reached on Tuesday.

Oil prices slipped by 1%, while Bitcoin BTC/USD tumbled 2%.

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY fell 0.6% to $579.72.
• The SPDR Dow Jones Industrial Average DIA inched 0.7% lower to $426.41.
• The tech-heavy Invesco QQQ Trust Series QQQ fell 1% to $491.16.
• The iShares Russell 2000 ETF IWM fell 0.7% $219.80.
• The Real Estate Select Sector SPDR Fund XLRE outperformed, up 0.6%. The Consumer Discretionary Select Sector SPDR Fund XLY lagged, down 1%.

• Boeing Co. BA fell 2.4% after reporting a worse-than-expected losses last quarter.

Other stocks reacting to earnings included:

• Texas Instruments Inc. TXN, up 3.5%.
• Baker Hughes Co. BKR, up 3.9%.
• Seagate Technology Holdings PLC STX, down over 7%.
• Packaging Corporation of America PKG, up over 6%.
• Manhattan Associates Inc. MANH, down over 7%.
• East West Bancorp. Inc. EWBC, up over 7%.
• Enphase Energy Inc. ENPH, down over 13%.
• Coca-Cola Co. KO, down 2.2%.
• Thermo Fisher Scientific Inc. TMO, down 2.9%.
• NextEra Energy Inc. NEE, down 0.1%.
• AT&T Inc. T, up 3.8%.
• Boston Scientific Corp. BSX, down 3.7%.
• CME Group Inc. CME, down 0.9%.
• GE Vernova Inc. GEV, down 1.6%.
• Hilton Worldwide Holdings Inc. HLT, down 2.6%.
• Vertiv Holdings LLC VRT, down 2.8%.
• Old Dominion Freight Line Inc. ODFL, down 4.8%.

Large-cap companies reporting earnings after the close include Tesla Inc. TSLA, T-Mobile US Inc. TMUS, International Business Machines Corp. IBM, ServiceNow Inc. NOW, Lam Research Corp. LRCX, Newmont Corp. NEM, United Rentals Inc. URI, Las Vegas Sands Corp. LVS, Raymond James Financial Inc. RJF.

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Delray Beach, FL, Oct. 23, 2024 (GLOBE NEWSWIRE) — The Green Methanol Market is projected to grow from USD 1.9 billion in 2024 to USD 11.1 billion by 2030, at a CAGR of 33.8% during the forecast period, as per the recent study by MarketsandMarkets. The rising emphasis on cutting greenhouse gas emissions and combating climate change is boosting demand for green methanol as a sustainable alternative to fossil fuel-derived methanol. Moreover, government policies aimed at encouraging the use of renewable energy and reducing greenhouse gas emissions are spurring investment and growth in the green methanol market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3175390

Browse in-depth TOC on “Green Methanol Market”

225 – Market Data Tables
50 – Figures
192 – Pages

List of Key Players in Green Methanol Market:

1. OCI N.V. (Netherlands)
2. Carbon Recycling International Inc. (Iceland)
3. Methanex Corporation (Canada)
4. Proman (Switzerland)
5. Södra (Sweden)

Drivers, Restraints, Opportunities and Challenges in Green Methanol Market:

1. Driver: Increasing demand for sustainable and renewable energy sources and expanding demand for Green Methanol in Automotive and Construction Market
2. Restraint: Competing fuel options – Ethanol, Hydrogen, Biofuels
3. Opportunity: Use of green methanol as an alternative fuel in marine and manufacturing industries
4. Challenge: Infrastructure, scale and efficiency limitations for production of Green Methanol

Key Findings of the Study:

1. Based on feedstock, biomass accounted for the largest market share of the overall market.
2. By application fuel segment is estimated to account for the highest CAGR during the forecast period.
3. North America is estimated to account for the highest CAGR during the forecast period.

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Based on feedstock, the green hydrogen is the fastest-growing feedstock segment for green methanol due to its potential to significantly cut carbon emissions. Produced using renewable energy sources like wind and solar, it offers a cleaner alternative to conventional hydrogen. Technological advancements are reducing electrolyzer costs, making green hydrogen more affordable. Government incentives and renewable energy policies are accelerating its adoption. Its versatility and easy integration into existing industrial processes also make it a preferred choice. As a result, green hydrogen is driving the growth of the green methanol market by providing a sustainable and cost-effective feedstock.

Based on application, the fuel segment is is expected to dominate the market during the forecast period. The use of green methanol as fuel is growing quickly because industries need cleaner energy options and governments are making stricter rules to protect the environment. Green methanol produces fewer emissions and can be used in shipping, transportation (mixed with gasoline or directly in engines) and generating power. It’s popular because it works well with current infrastructure and helps industries lower their carbon footprint.

Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3175390

Based on region, North America is poised to emerge as the fastest-growing market in the green methanol sector. This growth is propelled by rigorous environmental regulations, substantial investments in renewable energy infrastructure, and strong government support through incentives and policies. The region’s commitment to sustainability, combined with the involvement of key industry leaders and continuous technological advancements, significantly boosts the demand for green methanol across diverse applications.

Browse Adjacent Markets: Advanced Materials Market Research Reports & Consulting

Related Reports:

1. Green Hydrogen Market – Global Forecast to 2030
2. Technical Ceramics Market – Global Forecast to 2029
3. Precast Concrete Market – Global Forecast to 2027

About MarketsandMarkets™

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Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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