Fewer executives responding said they believe business conditions will improve over the next four months.
Equipment Leasing & Finance Foundation
Following negative GDP growth in Q1, downside risks continue to plague the U.S. economy.
Year-to-date, cumulative new business volume was up nearly 8 percent compared to 2021.
Interest rates and federal uncertainties are causes for concern in the future.
Confidence level has decreased seven points, per report.
Normalcy could return once supply chain catches up.
Business investment has remained strong despite emerging economic headwinds.