Equipment and software investment to grow
WASHINGTON, DC--Investment in equipment and software is expected to grow 5.5 per cent in 2014, according to the Q4 update to the’ 2014 Equipment Leasing & Finance U.S. Economic Outlook’ released by the Equipment Leasing & Finance Foundation.
The foundation revised its 2014 equipment and software investment forecast to 5.5 per cent, up from 2.6 per cent growth forecast in its Q3 update to the 2014 annual outlook released in July. Equipment and software investment is expected to steadily grow over the next six months across most verticals due to a gradually strengthening economy and continued replacement demand.
William G. Sutton, CAE, president of the foundation and president and CEO of the Equipment Leasing and Finance Association (ELFA), says, “The Foundation’s Outlook forecasts that steadily improving economic conditions point to increased investment and financing activity through the end of the year. Although challenges remain—from geopolitical risks to global growth concerns—we remain optimistic regarding the outlook for the equipment finance sector through the end of 2014.”