The Equipment Leasing & Finance Foundation on Monday, Sept. 24, announced that its Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is 53.0, up from the August index of 50.2, reflecting increased optimism despite concerns over companies’ willingness to expand their businesses in the face of economic and political uncertainty.
“The industry is performing well, and new businesses are entering the segment to join the positive experience our asset class enjoys,” said Anthony Cracchiolo, president and chief executive officer, Vendor Services, for U.S. Bank Equipment Finance. “However, the growth of our industry is tightly aligned with the overall U.S. economy, and our industry’s future will be determined by the broader actions of the U.S. economy.”
Designed to collect leadership data, the index is designed to report 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.
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