Confidence surges in June

News Story
- 25 Jun 2020 ( #980 ) - Washington, DC, United States
1 min read
Respondents believe that US economic conditions will improve
Respondents believe that US economic conditions will improve
Confidence in the US equipment finance market rebounded strongly in June, according to the Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) released by Equipment Leasing & Finance Foundation.

The index hit 45.8, up from the May index of 25.8.

When asked to assess their business conditions over the next four months, 37% of executives responding said they believe business conditions will improve over the next four months, up from 3.3% in May. 18.5% believe business conditions will remain the same over the next four months, an increase from 10% the previous month. 44.4% believe business conditions will worsen, a decrease from 86.7% in May.

None of the leadership evaluated the current US economy as "excellent", unchanged from the previous month. 22.2% of those surveyed evaluate the current US economy as "fair", up from 10% in May, while 77.8% evaluate it as "poor", down from 90% last month.

On the prospects for economic recovery, 55.6% of the survey respondents believe that US economic conditions will get better over the next six months, an increase from 20% in May. 25.9% indicate they believe the U.S. economy will "stay the same" over the next six months, a decrease from 30% last month. 18.5% believe economic conditions in the US will worsen over the next six months, down from 50% the previous month.

The Foundation also released highlights of the COVID-19 Impact Survey of the Equipment Finance Industry, a monthly survey of industry leaders designed to track the impact of the coronavirus pandemic on the equipment finance industry.

The results show that almost all (92%) equipment finance companies have offered payment deferrals. Most (82%) expect that the default rate will be greater in 2020 than in 2019.

A majority (81%) of respondents have not furloughed or laid off employees.
Business Activity Index reveals mixed data for sector
Business Activity Index reveals mixed data for sector 3 Oct 2024 - Austin, TX, United States - 2 min read
Equipment finance sentiment rises
Equipment finance sentiment rises 24 Sep 2020 - Washington, DC, United States - 1 min read
US economic growth to continue in 2020 - ISM
US economic growth to continue in 2020 - ISM 12 Dec 2019 - Tempe, AZ, United States - 3 min read
Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News we report on the recent IMHX event in Birmingham with coverage of new product launches, key themes and observations from those attending. We also name the winners of the 2025 Archies Awards, held in conjunction with IMHX... Continue reading

PREMIUM business

Lift Tek Elecar
Global leader in the design and manufacture of masts, carriages, integral sideshifters & fork positioners.

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2019 Toyota 02-2TD20 Tow Tractor
1991 Komatsu FD25-11 Diesel Forklift
2007 Skyjack SJ4632 Scissor Lift 

Find more machines here | Contact us with enquiries 

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2019 Toyota 02-2TD20 Tow Tractor
1991 Komatsu FD25-11 Diesel Forklift
2007 Skyjack SJ4632 Scissor Lift 

Find more machines here | Contact us with enquiries 

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2019 Toyota 02-2TD20 Tow Tractor
1991 Komatsu FD25-11 Diesel Forklift
2007 Skyjack SJ4632 Scissor Lift 

Find more machines here | Contact us with enquiries 

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET