September 19, 2017 - The Equipment Leasing & Finance Foundation (the Foundation) releases the September 2017 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 $1 trillion equipment finance sector. Overall, confidence in the equipment finance market is 63.7 in September, easing from the August index of 64.4.
When asked about the outlook for the future, MCI-EFI survey respondent David Normandin, CLFP, Managing Director, Commercial Finance Group, Hanmi Bank, said, “The U.S. economy is showing signs of optimism in the small business sector. Combined with recent natural disasters, I believe that this creates an environment in which business will invest in opportunities for recovery. These opportunities will require equipment.”
September 2017 Survey Results:
The overall MCI-EFI is 63.7, easing from 64.4 in August.
When asked to assess their business conditions over the next four months, 29% of executives responding said they believe business conditions will improve over the next four months, a decrease from 38.2% in August. 67.7% of respondents believe business conditions will remain the same over the next four months, an increase from 61.8% in August. 3.2% believe business conditions will worsen, an increase from none who believed so the previous month.
38.7% of survey respondents believe demand for leases and loans to fun
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