July 2021 Monthly Confidence Index for the Equipment Finance Industry

The Equipment Leasing & Finance Foundation released the July 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 72.9, an increase from the June index of 71.3. 

Some of the major takeaways: 

• When asked to assess their business conditions over the next four months, 58.6 percent of executives responding said they believe business conditions will improve over the next four months, up from 42.3 percent in June
• 55.2 percent of the survey respondents believe demand for leases and loans to fund capital expenditures (CAPEX) will increase over the next four months
• In July 51.7 percent of respondents indicate they believe their company will increase spending on business development activities during the next six months

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