The Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) was 50.3 in September, according to the Equipment Leasing & Finance Foundation, and was steady compared to the August index of 50.4. The Index is determined by a survey of executives in the equipment finance sector.
“Overall, there appears to be good momentum around capital investment, whether driven by infrastructure initiatives, emerging technologies, or onshoring,” said Jonathan Albin, COO, Nexseer Capital, in a statement. “Barring the emergence of a severe economic threat, I believe this momentum will continue.”
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- One in 10 (10.3%) executives said that they believe business conditions will improve over the next four months, an increase from 3.6% in August. On the other hand, 13.8% believe business conditions will worsen, an increase from 7.1% in August.
- The same percentage, 10.3%, believe demand for leases and loans to fund capital expenditures will increase over the next four months, relatively unchanged from 10.7% in August. The same level, 10.3%, believe demand will decline, also relatively unchanged from 10.7% in August.
- None of the leadership evaluate the current U.S. economy as “excellent,” down from 3.6% the previous month. One in 10 (10.3%) evaluate it as “poor,” relatively unchanged from 10.7% last month.
- Some 6.9% believe that U.S. economic conditions will get “better” over the next six months, a decrease from 10.7% in August. Three in 10 (31%) believe economic conditions will worsen over the next six months, an increase from 28.6% the previous month.
Source: Equipment Leasing & Finance Foundation
