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Equipment Investment Forecast to Grow for Remainder of Year
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Finance Confidence Index Steady: ELFF
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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
Equipment Finance Index at All Time High
SHARE April 22, 2021
An index of confidence in the equipment finance market is 76.1, an all-time high, reports the Equipment Leasing & Finance Foundation. Its April 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) was up from the March index of 67.7.
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it and transportation to deliver it,” said MCI-EFI survey respondent Aylin Cankardes, president of Rockwell Financial Group, in a prepared statement. “With favorable interest rates, businesses are increasing spending again to stay responsive in a rapidly evolving environment.”
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