The Foundation-Keybridge U.S. Equipment & Software Investment Momentum Monitor tracks 12 equipment and software investment verticals. 

Equipment and software investment bounced back in Q2 after three consecutive weak quarters, expanding by a strong 7.0% (annualized). Aircraft investment was primarily responsible for the improvement, along with information processing equipment, while industrial equipment contracted modestly.

“The Foundation’s Q4 Outlook continues to support a soft-landing scenario and provides optimism for 2025 investment activity," said Leigh Lytle, president of the Foundation, president & CEO of the Equipment Leasing and Finance Association, in a statement. "The U.S. economy has been impressively resilient but heightened political and economic uncertainty, as well as weather-related business interruptions, are likely to slow investment growth in Q4. We are optimistic that activity will remain strong in 2025, however, as Fed rate cuts start taking effect and election-related uncertainty abates. The Monthly Confidence Index for the Equipment Finance Industry agrees with Q4 Outlook findings, holding steady in October at its highest level since 2022.”