Business News • MarketWire • Phoenix Lending Survey Results Continues the Trend of a Positive Outlook on the U.S. Economy |
Phoenix Lending Survey Results Continues the Trend of a Positive Outlook on the U.S. Economy |
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Phoenix Lending Survey Results Continues the Trend of a Positive Outlook on the U.S. Economy
PHILADELPHIA, PA--(Marketwired - March 22, 2017) - From the first quarter Phoenix Management "Lending Climate in America" Survey, results continue to show a positive outlook on the U.S. economy in both the near and long term. Lenders optimism on the U.S. economy for the near term increased this quarter from an overall 'C' grade to a 'B' grade in Q1 2017. Lenders expectations on how they believe the U.S. economy will perform during the next 6 months significantly increased 39 points from a 2.19 in Q4 to 2.58, which represents the highest GPA since Q2 2006. Interestingly, the GPA for the U.S. economy beyond the next 6 months decreased slightly to 2.45 from the previous quarter's results of 2.50, but still represents an overall 'B' grade. This continued confidence is further supported by the continued improvement in indices that measure commercial lending sentiment, loan losses, bankruptcies and unemployment.
View More : http://www.marketwired.com/mw/release.do?id=2204711&sourceType=3
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