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May Monthly Confidence Index drops from April

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

Leasing Confidence Index Drops

Equipment Finance Index at All Time High

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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