Updated May 27, 2021
After reporting a record high 76.1 index in April, the Equipment Leasing & Finance Foundation says its May Monthly Confidence Index dropped four points to 72.1.
Noting higher vaccination rates, warmer weather and the resumption of most economic activity at pre-pandemic levels this summer, survey respondent Bruce J. Winter, president of FSG Capital commented:
Business owners are much more optimistic and stimulus supported capital spending will likely reach unprecedented levels in the next 12 months. Prolonged inflation risk is a real concern as this untested experiment in rapidly expanding government debt will reach new highs.”
The general mood of respondents seems to be stabilizing from April s euphoria. Assessing business conditions over the next four months, 54% of equipment finance company executives said they will improve, down from the 73% of respondents who indicated this in April. Another 46% say conditions will remain the same, which was up from 2