Equipment Leasing and Finance Index Drops

An index measuring confidence in the equipment leasing and finance sector dropped recently to 67.5, slightly lower than the April index of 70.7.

May 2015 survey results included the following:

• When asked to assess their business conditions over the next four months, 30.8% of executives responding said they believe business conditions will improve over the next four months, down from 44.4% in April.
• 34.6% of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, down from 48.2% in April. 65.4% believe demand will “remain the same” during the same four-month time period, up from 51.9% the previous month.
• 38.5% of executives expect more access to capital to fund equipment acquisitions over the next four months, up from 25.9% in April. 57.7% of survey respondents indicate they expect the “same” access to capital to fund business, down from 74.1% in April.
• When asked, 53.9% of the executives reported they expect to hire more employees over the next four months, an increase from 51.9% in April. • 3.9% of the leadership evaluate the current U.S. economy as “excellent,” down from 7.4% last month. 96.2% of the leadership evaluate the current U.S. economy as “fair,” up from 92.6% in April.
• 34.6% of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, a decrease from 40.7% who believed so in April.

Source: The Equipment Leasing & Finance Foundation

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