Confidence Down in Equipment Finance Market constructionequipment.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionequipment.com Daily Mail and Mail on Sunday newspapers.
Confidence in Eqpt. Market 72.9%: ELFF
SHARE July 22, 2021
The Equipment Leasing & Finance Foundation released the July 2021 Monthly Confidence Index for the Equipment Finance Industry today. The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 72.9, an increase from the June index of 71.3.
When asked to assess their business conditions 58.6 percent of executives responding said they believe business conditions will improve over the next four months, up from 42.3 percent in June. 41.4 percent believe business conditions will remain the same over the next four months, down from 57.7 percent the previous month. None believe business conditions will worsen, unchanged from June.
Finance Confidence Index Steady: ELFF constructionequipment.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionequipment.com Daily Mail and Mail on Sunday newspapers.
An index measuring confidence in the equipment finance industry dropped to 72.1 in May from 76.1 in April, its all-time high.
The Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is released by the Equipment Leasing & Finance Foundation as an indicator of both the prevailing business conditions and expectations for the future.
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.”