Confidence in the equipment finance industry stayed elevated in September, according to the Equipment Leasing & Finance Foundation’s Monthly Confidence Index. The index was reported at 59.9, consistent with recent months.
Survey data showed optimism around capital spending, with 39.1% of executives expecting demand for leases and loans to increase in the next four months. Another 39.1% expect demand to remain steady.
Employment projections eased slightly, with 36.4% planning to add staff, down from 42.3% in August. Still, most executives anticipate stable or improving business conditions.
On the economic outlook, 39.1% of respondents believe conditions will improve in the next six months, while 30.4% predict worsening conditions.
“By the time this goes to print, we believe that the Fed will have reduced rates by 0.25%, which will be added incentive along with typically heavier Q4 purchases to drive demand higher by year end,” said Daryn Lecy, COO of Oakmont Capital Services.
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