February 22, 2013
The Equipment Leasing & Finance Foundation announces the February 2013 Monthly Confidence Index in the equipment finance market is up for the third consecutive month at 58.7, an increase from the January index of 54.2.
The Foundation says this reflects industry participants’ increasing optimism despite a wary eye on economic conditions and government management of fiscal policies.
“The industry continues to look stable and positioned on solid footing for future growth. The replacement economy is well under way,” says Anthony Cracchiolo, president and CEO at Vendor Services. “However, expansion of the markets is still questionable. The next several months will tell the story for 2013 and answer the question of whether 2013 will see moderate or significant growth. In either case, the equipment finance industry will be on the leading edge of the overall economy.”
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 $725 billion equipment finance sector, the Foundation says.