More U.S. Business Reporting Profits Down | Leasing News
Increasing Profits, but Demand for Financing Trending Down
October 18, 2017 | 1 min read
LeasingNews.org covers the latest Private Capital Access (PCA) Index research, conducted quarterly by the Pepperdine Graziadio Business School in partnership with Dun & Bradstreet Corp. The Q3-2017 findings indicate small business confidence is up from a year earlier, with 63 percent of all businesses saying they were profitable, as compared with 56 percent in Q3 2016.
Demand for financing was revealed to be down among all businesses. Dr. Craig R. Everett, Pepperdine Graziadio Assistant Professor of Finance and Director of the Pepperdine Private Capital Markets Project, says, "U.S. businesses are doing well, but these results suggest to us they are planning for an uncertain future by lowering their debt levels." Bodhi Ganguli, lead economist at Dun & Bradstreet, says, "U.S. businesses are showing more faith in the economy and have modest expectations for their prosperity in 2017."