Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19407/lynad/news_adclick.asp?assid=19408/lynad/news_adclick.asp?assid=19409/lynad/news_adclick.asp?assid=19410/lynad/news_adclick.asp?assid=19411
Ads
20510

Leasing market confidence falls


Wednesday, 23 May 2018 ( #873 ) - Washington, DC, United States
News Story
Stronger economic conditions continue in the USA but confidence slips
The latest survey from the Equipment Leasing & Finance Foundation shows a fall in confidence.

The May 2018 Monthly Confidence Index  found confidence in the equipment finance market eased further in May to 64.6, down from the April index of 68.3.

Asked to assess their business conditions over the next four months, 22.2% of executives responding said they believe business conditions will improve over the next four months, a decrease from 33.3% in April.

More than a quarter (29.6%) of survey respondents believe demand for leases and loans to fund capital expenditures will increase over the next four months, a decrease from 46.7% in April. 70.4% believe demand will remain the same during the same four-month time period, an increase from 50% the previous month. None believe demand will decline, a decrease from 3.3% in April.

In response to questions about the current US economic conditions, 22.2% of the leadership evaluate the state of the economy as "excellent", down from 30% last month. 77.8% of the leadership evaluate the current U.S. economy as "fair," up from 70% in April. None evaluate it as "poor," unchanged from last month.

MCI-EFI survey respondent Michael Romanowski, president, Farm Credit Leasing Services Corporation, says: "Customers are continuing to work through the impacts of tax law changes and making decisions on how best to finance capital investments. Projects are beginning and we anticipate an increase in purchase leaseback activity in the last quarter of the year."

"Demand is strong this spring," says Valerie Hayes Jester, president, Brandywine Capital Associates. "Small business seems determined to move forward and to keep investing in equipment that will produce income. In spite of the manic performance of Wall Street and the ongoing drama in Washington, Main Street America continues to stay the course."

Harry Kaplun, president, Specialty Finance, Frost Bank, notes that "stronger economic conditions continue, and in spite of deterrents like rising interest rates, the advantages of tax reform offset them".

The Equipment Leasing & Finance Foundation argues that confidence in the US economy and the capital markets is a critical driver to the equipment finance industry. "When confidence increases, consumers and businesses are more apt to acquire more consumer goods, equipment, and durables and invest at prevailing prices. When confidence decreases, spending and risk-taking tend to fall. Investors are said to be confident when the news about the future is good and stock prices are rising," it explains.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x