- The Equipment Leasing & Finance Foundation (ELFF) released the November 2019 Monthly Confidence Index
- Confidence in the equipment finance market is 54.9, an increase from the October index of 51.4
- “It appears we have absorbed the headwind of the trade wars. Consumers still seem to be pulling the economy forward.” - 13.3% of executives responding said they believe business conditions will improve over the next four months
- 73.3% of respondents believe business conditions will remain the same
- 13.3% believe business conditions will worsen
- 13.3% of the survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase
- 20% of the respondents expect more access to capital to fund equipment acquisitions
- 26.7% of the executives report they expect to hire more employees
- 10% of the survey respondents believe that U.S. economic conditions will get “better”
- 30% of respondents indicate they believe their company will increase spending
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