Aug 22, 2014
Industry confidence ‘easing’ from previous two months
U.S. – The Equipment Leasing & Finance Foundation (ELFF) August 2014 ‘Monthly Confidence Index’ for the Equipment Finance Industry (MCI-EFI), incdicates that overall confidence in the equipment finance market is 58.9, easing from the previous two months’ indexes of 61.4.
When asked about the outlook for the future, MCI-EFI survey respondent Thomas Jaschik, president, BB&T Equipment Finance, says, “The next two months will be very interesting for the equipment finance industry. Will the economy accelerate, as many economists have predicted? Will U.S. business feel confident in making capital investments? Or, will the economy continue its lackluster recovery? The next 60 days should tell whether this will be a year of exceptional or limited growth for our industry.”
August 2014 Survey Results:
- When asked to assess their business conditions over the next four months, 18.2 per cent of executives responding said they believe business conditions will improve over the next four months, down from 28.6 per cent in July.
- 21.2 per cent of survey respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months, down from 25.7 per cent in July.
- 15.2 per cent of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 25.7 per cent in July.
- When asked, 33.3 per cent of the executives reported they expect to hire more employees over the next four months, a decrease from 37 per cent in July.