The Monthly Confidence Index for the Equipment Finance Indusrty
(MCI-EFI) released by the Equipment Leasing Finance Foundation (the
Foundation) showed confidence in the equipment finance market is
neutral at 50.2, down from a score of 51.5 in July.
The MCI-EFI collects data and opinion from industry leaders in
the US equipment finance market, and includes qualitative questions
on current business conditions and expectations for the future.
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Respondents represented a cross-section of large-, middle- and
small-ticket lenders, as well as banks, independents and captive
finance companies.
Reactions to the MCI-EFI varied across the sample: John McQueen,
Executive Vice President and Head of Wells Fargo Equipment Finance
said: “My long term view of the equipment finance industry is
strong; the shorter term view of the U.S. economy and worldwide
economy is volatile.”
Meanwhile Valerie Hayes Jester, president of Brandywine Capital
Associates, a small-ticket independent lessor, was more
skeptical:
“Apprehension among small business owners appears to be ever
present given world economic affairs, pending elections, and tax
code changes. Margin compression continues to be an issue as the
availability of capital continues to outweigh demand.”
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By GlobalDataThe full results of the survey are available here.
