March 24, 2015
Industry confidence reaches four-year high
Washington, DC--The ELFF released the March 2015 ‘Monthly Confidence Index for the Equipment Finance Industry’ (MCI-EFI), reporting that overall, confidence in the equipment finance market is 72.1, the highest level in four years, and an increase from the February index of 66.3.
March 2015 Survey Results:
- When asked to assess their business conditions over the next four months, 50 per cent of executives responding said they believe business conditions will improve over the next four months, up from 30.3 per cent in February.
- 41.7 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 42.4 per cent in February.
- 25 per cent of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 27.3 per cent in February.
- When asked, 70.8 per cent of the executives reported they expect to hire more employees over the next four months, an increase from 39.4 per cent in February.
To view the full ELFF report, click here.