Equipment Leasing – Industry Confidence Reaches Three-Year High

January 2015 Survey Results:

The Equipment Leasing & Finance Foundation releases the January 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903 billion equipment finance sector. Overall, confidence in the equipment finance market is 66.1, an increase from the December index of 63.4 and the highest level in the last three years.

When asked about the outlook for the future, MCI-EFI survey respondent Thomas Jaschik, President, BB&T Equipment Finance, said, “With third quarter GDP in excess of 5 percent, the economy is primed for a surge in capital equipment spending. I believe domestic companies now have the confidence to make substantial investments in plant and equipment to facilitate growth. This could lead to a record year for equipment finance in 2015.”‘

Ref:  Equipment Leasing & Finance Foundation – January 22, 2014