Outlook brightening for U.S. businesses

Outlook brightening for U.S. businesses

Published in Fleet Owner

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The Equipment Leasing & Finance Foundation (ELFF) noted that Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) for January indicates confidence is increasing in the equipment finance market, with its MCI-EFI metric climbing to 73.4 this month; an increase from the December index of 67.5 and the highest reading for this index since its launch back in May 2009.

“The outlook for U.S. companies has become much more positive since the presidential election,” noted Thomas Jaschik, president of BB&T Equipment Finance and one of the respondents to the monthly MCI-EFI survey.

“Lower taxes, less regulation and rising interest rates will be the catalyst to spur capital asset acquisitions,” he added. “This will undoubtedly set the stage for robust equipment finance activity.”

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