The Equipment Leasing & Finance Foundation June 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is 71.3, steady with the May index of 72.1.
Key finance trends
When asked to assess their business conditions over the next four months, 42.3 percent of executives responding said they believe business conditions will improve over the next four months, down from 53.6 percent in May. None believe business conditions will worsen, unchanged from May.
51.9 percent believe demand for leases and loans to fund capital expenditures will increase over the next four months, down from 53.6 percent in May. None believe demand will decline, unchanged from May.
32.1 percent expect more access to capital to fund equipment acquisitions over the next four months, and none expect “less” access to capital, all unchanged from the previous month.
22.2 percent evaluate the current U.S. economy as “excellent,” an increase from 10.7 percent the previous month. None evaluate it as “poor,” unchanged from last month.
51.9 percent believe that U.S. economic conditions will get “better” over the next six months, a decrease from 60.7 percent in May. None believe economic conditions in the U.S. will worsen over the next six months, unchanged from the previous month.
When asked about the outlook for the future, MCI-EFI survey respondent Alan Sikora, CEO of First American Equipment Finance said, “Companies across all industries are investing in new projects to stay ahead and better serve their customers, while also investing in technology and programs to better serve their employees in the ‘new normal’ hybrid work environment.”
Source: Equipment Leasing & Finance Foundation