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Canada's Magazine for Financing & Leasing Executives
 
 

May 20, 2014

Equipment leasing and finance industry confidence at two-year high

Washington, DC, – The Equipment Leasing & Finance Foundation (ELFF) ‘Monthly Confidence Index for the Equipment Finance Industry’ (MCI-EFI) is 65.4, relatively unchanged from 65.1 in April, peaking at the highest index level in two years for the third consecutive month. When asked to assess their business conditions over the next four months, 31.4 per cent of executives said they believe business conditions will improve over the next four months, down from 37 per cent in April; 68.6 per cent of respondents believe business conditions will remain the same over the next four months, up from 60 per cent in April. No one believes business conditions will worsen, down from 2.9 per cent the previous month. As well, 34.3 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 37 per cent in April; 65.7 per cent believe demand will “remain the same” during the same four-month time period, up from 60 per cent the previous month. No one believes demand will decline, down from 2.9 per cent who believed so in April.

The survey showed that 28.6 per cent of executives expect more access to capital to fund equipment acquisitions over the next four months, unchanged from April. 71.4 per cent of survey respondents indicate they expect the “same” access to capital to fund business, and no one expects “less” access to capital, also both unchanged from the previous month. When asked, 40 per cent of the executives reported they expect to hire more employees over the next four months, an increase from 37 per cent in April. 51.4 per cent expect no change in headcount over the next four months, down from 60 per cent last month. 8.6 per cent expect fewer employees, up from 2.9 per cent who expected fewer employees in April. Further, 2.9 per cent of the leadership evaluates the current U.S. economy as “excellent,” 91.4 per cent of the leadership evaluates the current U.S. economy as “fair,” and 5.7 per cent rate it as “poor,” all unchanged from April.

Thirty-seven 37 per cent of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, an increase from 34.3 per cent who believed so in April. 62.9 per cent of survey respondents indicate they believe the U.S. economy will “stay the same” over the next six months, unchanged from April. No one believes economic conditions in the U.S. will worsen over the next six months, a decrease from 2.9 per cent who believed so last month. In May, 45.7 per cent of respondents indicate they believe their company will increase spending on business development activities during the next six months, an increase from 40 per cent in April. 54.3 per cent believe there will be “no change” in business development spending, a decrease from 60 per cent last month. No one believes there will be a decrease in spending, unchanged from last month.

 

 

 

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