The Equipment Leasing & Finance Foundation has released the November 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).
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, Equipment Leasing & Financing Foundation says confidence in the equipment finance market is 49.9, a decrease from the October index of 53.3, reflecting many industry participants’ post-election concerns over issues including the fiscal cliff, economic policy and taxes. A confidence level of 50.0 indicates a neither positive nor negative outlook overall.
“The business community is waiting for positive signals from Washington before making additional investments. Investments in capital equipment and equipment financing will remain stagnant until such time,” says Thomas Jaschik, president, BB&T Equipment Finance.
