US-based research body the
Equip-ment Leasing & Finance Foundation has released its
January confidence index, showing a marked improvement in
confidence in equipment finance compared to December 2010. Overall
confidence was 69.7%, compared to 64.8% the month
before.
This was the highest level since
the index was launched in May 2009.
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Asked whether current business
conditions would remain the same over the next four months, 52.6%
of executives said they believe conditions will improve, up from
47.5% in December.
Demand for leases and loans to
fund capital expenditure was expected to increase during the next
four months, said 57.9% of respondents, compared to 42.5% in
December. Overall economic conditions in the US were thought likely
to improve by 52.6%, up from 40% a month previously.
ELFF commissions and conducts research on the American
equipment finance industry and is linked to ELFA, the US leasing
association. The monthly confidence index always consults the same
pool of 50 leasing company leaders.
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By GlobalData
