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Equipment finance industry confidence improves in November

November 18, 2011 | Industry News Release

Source: Healthcare Finance News

Washington, DC – The Equipment Leasing & Finance Foundation (the Foundation) releases the November 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. 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 57.4, up from the October index of 50.7, indicating an increase in optimism about business activity despite ongoing concerns about the global economic situation.

When asked about the outlook for the future, survey respondent Thomas Jaschik, President, BB&T Equipment Finance, said, “For 2011 the industry is doing surprisingly well given the lackluster U.S. economy. The strong 2011 results for the industry can be attributed to historically low interest rates and the availability of 100 percent bonus depreciation. Whether this momentum can be sustained in 2012 is still a question mark.”

http://www.healthcarefinancenews.com/press-release/equipment-finance-industry-confidence-improves-november