This quarter’s diffusion index, which measures lenders’ sentiment towards loan losses, bankruptcies, unemployment and bank failures, showed that all four categories once again have negative diffusion indexes of twenty-six, thirty-three, thirty-seven and forty-two percentage points, respectively. The negative diffusion indexes indicates lenders continue to believe there will be limited negative news in these four categories, as all categories remain at or near all-time lows for the survey.
In addition, lenders expect to maintain loose loan structures over the next six months and believe housing remains the biggest threat to continued economic success with forty-seven percent choosing a sluggish housing market compared to fifty percent in the previous quarter.
“It’s encouraging to see that lenders continue to remain optimistic on the long term prospects for the U.S. economy,” says
To see the full results of Phoenix’s “Lending Climate in America” Survey, please visit http://www.phoenixmanagement.com/survey/.
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