Industry confidence surpasses three-year high
Washington, DC--The Equipment Leasing & Finance Foundation released the February 2015 ‘Monthly Confidence Index for the Equipment Finance Industry’ (MCI-EFI). Overall, confidence in the equipment finance market is 66.3, a slight increase from the three-year high level reached by the January index of 66.1.
When asked about the outlook for the future, MCI-EFI survey respondent William Verhelle, CEO, First American Equipment Finance, a City National Bank Company, said, “The economy continues to improve. First American is seeing increased equipment acquisition activity among the large corporate borrowers we serve. We are optimistic that lower energy costs, if they remain at current low levels, will drive increased U.S. economic activity in the second half of 2015. We are more optimistic about the U.S. economy today than we have been at any time during the past six years.”
February 2015 Survey Results:
- When asked to assess their business conditions over the next four months, 30.3 per cent of executives responding said they believe business conditions will improve over the next four months, up from 23.3 per cent in January.
- 42.4 per cent of survey respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months, up from 20 per cent in January.
- 27.3 per cent of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 33.3 per cent in January.
To view the full ELFF MCI-EFI, click here.