Leasing Business Grows 26% in March: ELFA
SHARE April 23, 2021
An index of new business in the equipment finance sector grew 26 percent in March compared to February, and is up 4 percent from March 2020.
The Equipment Leasing and Finance Association said its Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for March was $9.3 billion, up from $7.4 billion in February.
Year-to-date, cumulative new business volume was down 1 percent compared to 2020.
“The equipment finance industry appears poised to take advantage of an economic tailwind that is manifesting itself in an improving labor market, a continued low interest-rate environment, a strong corporate earnings season, and high business confidence that is creating demand for investment in commercial equipment,” said ELFA president/CEO Ralph Petta, in a prepared statement. “ELFA member organizations also report improving portfolio
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Equipment Finance Index at All Time High
SHARE April 22, 2021
An index of confidence in the equipment finance market is 76.1, an all-time high, reports the Equipment Leasing & Finance Foundation. Its April 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) was up from the March index of 67.7.
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it and transportation to deliver it,” said MCI-EFI survey respondent Aylin Cankardes, president of Rockwell Financial Group, in a prepared statement. “With favorable interest rates, businesses are increasing spending again to stay responsive in a rapidly evolving environment.”
U S business borrowing for equipment rises 4% in March - ELFA reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.