Equipment Leasing and Finance Industry Confidence Eases in September

WASHINGTON, D.C. — The Equipment Leasing & Finance Foundation recently released the September 2015 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903-billion equipment finance sector. Overall, confidence in the equipment finance market is 61.1, easing from the sharp rise in the August index of 67.4.

September 2015 Survey Results:
The overall MCI-EFI is 61.1, easing from the August index of 67.4.

• 22.2 percent of executives responding said they believe business conditions will improve over the next four months.
• 29.6 percent of survey respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months.
• 25.9 percent of executives expect more access to capital to fund equipment acquisitions over the next four months.
• 37.0 percent of the executives report they expect to hire more employees over the next four months.
• 18.5 percent of the survey respondents believe that U.S. economic conditions will get “better” over the next six months.
• In September, 51.9 percent of respondents indicate they believe their company will increase spending on business development activities during the next six months.

Survey results are posted on the foundation website, http://www.leasefoundation.org/research/mci/, included in the Foundation Forecast newsletter and in press releases. Survey respondent demographics and additional information about the MCI are also available at the link above.