Welcome Guest to Coatings World    Login || Register
Last Updated Friday, August 29 2014
Print

Equipment Leasing and Finance Industry Confidence Eases in June



Published June 23, 2014
The Equipment Leasing & Finance Foundation (the Foundation) releases the June 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $827 billion equipment finance sector. Overall, confidence in the equipment finance market is 61.4, an easing from three consecutive months of two-year high levels, which topped at 65.4.

When asked about the outlook for the future, MCI survey respondent David Schaefer, Chief Executive Officer, Mintaka Financial, LLC, said, “Application volume, approvals and funding are all up and are at record post-recession levels.  Portfolio performance in terms of delinquency is still extraordinarily low.  We are optimistic about 2014 and expect to exceed our yearly origination goals.”
 
June 2014 Survey Results:
The overall MCI-EFI is 61.4, a decrease from the May index of 65.4.

When asked to assess their business conditions over the next four months, 23.5% of executives responding said they believe business conditions will improve over the next four months, down from 31.4% in May.  70.6% of respondents believe business conditions will remain the same over the next four months, up from 68.6% in May.  5.9% believe business conditions will worsen, up from none who believed so the previous month.

17.6% of survey respondents believe demand for leases and loans to fund capital expenditures (capex) will increase over the next four months, down from 34.3% in May.  79.4% believe demand will “remain the same” during the same four-month time period, up from 65.7% the previous month.  2.9% believe demand will decline, up from none who believed so in May.

26.5% of executives expect more access to capital to fund equipment acquisitions over the next four months, down from 28.6% in May. 73.5% of survey respondents indicate they expect the “same” access to capital to fund business, an increase from 71.4% in May.  No one expects “less” access to capital, unchanged from the previous month.

When asked, 44% of the executives reported they expect to hire more employees over the next four months, an increase from 40% in May.  50% expect no change in headcount over the next four months, down slightly from 51.4% last month.  5.9% expect fewer employees, down from 8.6% who expected fewer employees in May.

2.9% of the leadership evaluates the current U.S. economy as “excellent,” 91.4% of the leadership evaluates the current U.S. economy as “fair,” and  5.7% rate it as “poor,” all unchanged from the last two months.

29.4% of the survey respondents believe that U.S. economic conditions will get “better” over the next six months, a decrease from 37% who believed so in May.  70.6% of survey respondents indicate they believe the U.S. economy will “stay the same” over the next six months, an increase from 62.9% in May.  None believe economic conditions in the U.S. will worsen over the next six months, unchanged from last month.

In June, 35.3% of respondents indicate they believe their company will increase spending on business development activities during the next six months, a decrease from 45.7% in May.  61.8% believe there will be “no change” in business development spending, an increase from 54.3% last month.  2.9% believe there will be a decrease in spending, an increase from none who believed so last month.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Buhler Group (Nanotechnology)
13105 12th Ave. North
Plymouth, MN, 55441-4509
USA
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
Follow Coatings World On