Equipment Leasing and Finance Association's Survey of Economic Activity: Monthly Leasing and Finance Index

WASHINGTON, D.C. — The Equipment Leasing and Finance Association's Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector, showed their overall new business volume for July was $7.8 billion, up 8 percent from new business volume in July 2013. Month over month, new business volume was down 13 percent from June. Year to date, cumulative new business volume increased 4 percent compared to 2013.  

Receivables over 30 days increased from the previous month to 2.7 percent, and were up from 1.5 percent in the same period in 2013. Charge-offs were unchanged for the fourth consecutive month at an all-time low of 0.2 percent.

Credit approvals totaled 79.7 percent in July, a slight decrease from 80.1 percent the previous month. Total headcount for equipment finance companies was up 0.4 percent year over year.  

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index for August is 58.9, easing from the previous two months" indexes of 61.4.