Economics

Confidence Remains High For Equipment Leasing And Finance Industry

By Chemical Processing Staff

Feb 23, 2015

The Equipment Leasing & Finance Foundation releases the February 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). 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 66.3, a slight increase from the three-year high level reached by the January index of 66.1, according to the foundation.

MCI-EFI survey respondent William Verhelle, chief executive officer, First American Equipment Finance says, “The economy continues to improve. First American is seeing increased equipment acquisition activity among the large corporate borrowers we serve. We are optimistic that lower energy costs, if they remain at current low levels, will drive increased U.S. economic activity in the second half of 2015.  We are more optimistic about the U.S. economy today than we have been at any time during the past six years.”

The overall MCI-EFI is 66.3, a slight increase from the January index of 66.1.

For more information, visit: www.leasefoundation.org