Leasing Confidence Index at
Highest Level Since August 2021
20
IDA Universal January - February 2025
The equipment finance market's confidence has risen to 67.5 from October's 61.8.
Confidence in the equip-
ment finance market is 67.5,
up from the October index
of 61.8, and the highest
level since August 2021, as
measured by the Monthly
Confidence Index for the
Equipment Finance Indus-
try (MCI-EFI).
e index report, pub-
lished by the Equipment
Leasing & Finance Founda-
tion, produces a qualitative
assessment of both the
prevailing business condi-
tions and expectations for
the future as reported by
key executives from the $1.3
trillion equipment finance
sector.
"I'm still concerned about
the state of the consumer
and the U.S. from a debt
load perspective, but more
optimistic on growth aer
the U.S. election cycle."
Mark Bonanno, president/
COO, North Mill Equip-
ment Finance.
When asked to assess their
business conditions over the
next four months, 43.3% of
the executives responding
said they believe business
conditions will improve
over the next four months,
an increase from 37.9% in
October. 50% believe busi-
ness cond tions will remain
the same over the next four
months, down from 51.7%
the previous month. 6.7% be-
lieve business conditions will
worsen, down from 10.3% in
October.
Some 48.3% of the survey
respondents believe demand
for leases and loans to fund
capital expenditures (capex)
will increase over the next
four months, up from 44.8%
in October. 44.8% believe de-
mand will "remain the same"
during the same four-month
time period, up from 41.4%
the previous month. 6.9%
believe demand will decline,
a decrease from 13.8% in
October.
https://www.construc-
tionequipment.com
Trends & Tidbits continued
on page 22
