The Equipment Leasing & Finance Foundation (the Foundation) released the August 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on Aug. 21.
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 $628 billion equipment finance sector. Overall, confidence in the equipment finance market is 50.2, down from the July index of 51.5, reflecting ongoing industry concerns about economic, regulatory and political uncertainty, according to the Foundation.
“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,” MCI survey respondent John McQueen, Executive Vice President and Head of Wells Fargo Equipment Finance, said in a press release from the Foundation. “The U.S. economic growth rate and the stability for the economy will continue to slow business investment.”
August 2012 Survey Results:
The overall MCI-EFI is 50.2, down from the July index of 51.5.
August 2012 MCI Survey Comments from Industry Executive Leadership:
Depending on the market segment they represent, executives have differing points of view on the current and future outlook for the industry.
