Equipment financing companies expect business conditions to remain the same for the next four months, with March confidence in the finance market at 58.0, down slightly from February’s 58.7 index.
The Equipment Leasing & Finance Foundation publishes the Monthly Confidence Index, which reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $725 billion equipment finance sector.
“In the short term we see continued demand for equipment at a lessened pace than we did in the fourth quarter of 2012,” said respondent Valerie Hayes Jester, president of Brandywine Capital Associates. “Until the issues in Washington regarding the budget are resolved, we don't expect the economy to move forward at a pace that sustains strong demand for equipment acquisition.”
- 21.9 percent of executives responding said they believe business conditions will improve over the next four months, up from 20 percent in February. Some 6.3 percent believe business conditions will worsen, up from 2.9 percent.
- 21.9 percent believe demand for leases and loans to fund capital expenditures will increase over the next four months, an increase from 20 percent in February. Slightly more than 9 percent believe demand will decline, up from 2.9 percent in February.
- 15.6 percent believe that U.S. economic conditions will get “better” over the next six months, down from 22.9 percent in February. 12.5 percent believe economic conditions in the U.S. will worsen over the next six months, an increase from 2.9 percent who believed so last month.