Equipment finance industry confidence declines in August

Source: PlantServices.com

By Plant Services Staff

Aug 29, 2011

The Equipment Leasing & Finance Foundation has released the August 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $521 billion equipment finance sector. Overall, confidence in the equipment finance market is 50.0, down from the July index of 56.2, indicating apparent industry reaction to U.S. economic conditions and federal government fiscal management and policies.

The overall MCI-EFI is 50.0, a decrease from the July index of 56.2. Of those surveyed, 13.2% said they believe business conditions will improve over the next four months, slightly decreased from 14.0% in July. 65.8% of respondents believe business conditions will remain the same over the next four months, a decrease from 81.4% in July. 21.1% of executives believe business conditions will worsen, a sharp increase from 4.7% in July.

Learn more abou the August 2011 Monthly Confidence Index for the Equipment Finance Industry