Equipment Type

Equipment Finance Index Remains at 60.2

The Equipment Leasing & Finance Foundation’s December 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) stands at 60.2, unchanged from the November index.
 

December 18, 2015

The Equipment Leasing & Finance Foundation’s December 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) stands at 60.2, unchanged from the November index.

“December activity is strong as we traditionally experience a last-minute push to acquire equipment from procrastinators,” said Valerie Hayes Jester, President, Brandywine Capital Associates. “Looking a bit further out we still see uncertainty as events continue to unfold, gas prices decrease and the presidential election continues to baffle.”

When asked to assess their business conditions over the next four months, 12.5 percent of executives responding said they believe business conditions will improve over the next four months, a decrease from 14.8 percent in November. Three-quarters of respondents believe business conditions will remain the same over the next four months, an increase from 74.1 percent in November, and 12.5 percent believe business conditions will worsen, an increase from 11.1 percent the previous month.

Only 8.3 percent of survey respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months, a decrease from 22.2 percent in November.  Eight of 10 believe demand will “remain the same” during the same four-month time period, up from 66.7 percent the previous month, and 12.5 percent believe demand will decline, an increase from 11.1 percent who believed so in November.

One-quarter of executives expect more access to capital to fund equipment acquisitions over the next four months, an increase from 22.2 percent in November. About 71 percent of survey respondents indicate they expect the “same” access to capital to fund business, a decrease from 77.8 percent the previous month, and 4.2 percent expect “less” access to capital, an increase from none last month.

Source: The Equipment Leasing & Finance Foundation

More like this

Comments on: " Equipment Finance Index Remains at 60.2"

Overlay Init