Industry confidence steady in October
Washington, DC--The Equipment Leasing & Finance Foundation released the October 2014’ Monthly Confidence Index for the Equipment Finance Industry’ (MCI-EFI). Overall, confidence in the equipment finance market is 60.4, slightly better than the September index of 60.2, with survey participants indicating increasing or consistent demand tempered by U.S. economic concerns.
The October MCI-EFI results included:
- When asked to assess their business conditions over the next four months, 23 per cent of executives responding said they believe business conditions will improve over the next four months, down from 36.4 per cent in September.
- 25.7 per cent of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, down from 30.3 per cent in September.
- 11.4 per cent of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 15.2 per cent in September.