Confidence in the equipment finance market rose for the third consecutive month to 59.9, up from 56.2 in December, according to the Equipment Leasing & Finance Foundation.
January 2020 Survey Results:
According to the Monthly Confidence Index for the Equipment Finance Industry survey, 14.8 percent of respondents believe business conditions will improve over the next four months, up from 10.3 percent in December. About 81.5 percent believe business will remain the same, and 3.7 percent believe conditions will worsen.
Nearly 11.1 percent of respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months, an increase from 10 percent in December. The survey showed that 85.3 percent believed demand will remain the same, and 3.7 believe it will decline.
Again, 11.1 percent of respondents expect more access to capital to fund equipment acquisitions over the next four months, a decrease from 20 percent in December. The survey reported that 85.2 percent of executives indicate they expect the same access to capital to fund business, and 3.7 expect less access.
According to the survey, 37 percent of the leadership evaluate the economy as “excellent,” while 63 percent evaluate it as “fair.” None evaluate it as poor. Additionally, 12.3 of respondents believe U.S. economic conditions will get “better” over the next six months, while 80 percent indicate it will stay the same. About 6.7 percent believe economic conditions in the U.S. will worsen.
Source: The Equipment Leasing & Finance Foundation