The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
Equipment Leasing & Finance Foundation
The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector.
The report forecasts real GDP growth of 2.3% this year, unchanged from the Foundation’s Q2 update to the 2024 Economic Outlook published in April.
Overall, confidence in the equipment finance market is 50.2, steady with the May index of 50.7.
Overall, confidence in the equipment finance market is 52.9, the second highest index in the last two years after last month’s index of 55.2.
The outlook forecasts a 2.2% expansion in equipment and software investment.
Overall, confidence in the equipment finance market is 51.7, an increase from the January index of 48.6.
Overall, confidence in the equipment finance market is 40.1, a decrease from the September index of 50.3.
Overall, confidence in the equipment finance market is 50.3, steady with the August index of 50.4.
One survey respondent doesn't see imminent uptick unless there is return to energy independence.
Overall, confidence in the equipment finance market is 47.0, a decrease from the March index of 50.3.
Year-to-date, cumulative new business volume was up nearly 9% compared to 2022.
This month’s index is 50.3, a decrease from the February index of 51.8.
Year-over-year trend highlighted in ELFA monthly report.
Overall, confidence in the equipment finance market is 51.8, an increase from the January index of 48.5
None of the leadership evaluate the current U.S. economy as 'excellent.'
Equipment Leasing and Finance Association Forecasts Sluggish Growth in Year Ahead
Cautious optimism is a theme for the industry moving into 2023.
None of the executives responding said they believe business conditions will improve over the next four months.
Economic outlook forecasts 5.9% expansion in equipment and software investment and 1.8% GDP growth.
Industry executive doesn't expect change in economy until after midterm elections.
Overall, confidence in the equipment finance market is 48.7, a decrease from the August index of 50