Equipment leasing increasing
Confidence in the equipment finance market has reached 76.1, an all-time high and an increase from the March index of 67.7
- according to the Equipment Leasing & Finance Foundation’s April 2021 confidence index
- 73.3% of executives responding said they believe business conditions will improve over the next 4 months
o 23.3% believe business conditions will remain the same
o 3.3% believe business conditions will worsen
- 70% of the survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next 4 months
o 30% believe demand will “remain the same”
o None believe demand will decline, down from 3.6% in March.
- 43.3% of the respondents expect more access to capital to fund equipment acquisitions
o 56.7% of executives indicate they expect the “same” access to capital
o None expect “less” access to capital, unchanged from the previous month.
- 43.3% of the executives report they expect to hire more employees
o 56.7% expect no change in headcount
o None expect to hire fewer employees, unchanged from March.