The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for January was $8.3 billion, up 2 percent year-over-year from new business volume in January 2021. Volume was down 30 percent month-to-month from $11.8 billion in December following the typical end-of-quarter, end-of-year spike in new business activity, according to ELFA.
The report covers economic activity from 25 companies in the equipment finance sector.
“Despite persistent supply chain disruptions in several collateral categories and nagging inflation, the equipment finance industry picks up in January where it left off last year: new business volume is robust and portfolios continue to perform,” said Ralph Petta, ELFA president/CEO, in a prepared statement. “The impact of impending higher interest rates on industry performance in the coming weeks and months bears watching, however.”
Source: ELFA
