• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Mixing Equipment Directory

    The Wood Coatings Market

    Antimicrobial Coatings Market

    Additives Update

    Pigment Supplier Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Benjamin Moore Launches COMMAND

    AOC Announces EMEA Price Increase

    Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

    IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

    Nouryon Agrees to Divest Salt Specialties Business to Salins Group
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Benjamin Moore Launches COMMAND

    IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

    Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

    Conversation with Henning Kreis of Zeppelin Systems

    Nippon Paint Marine Wins Korea Export Award
    Additives
    Binders
    Pigments
    Solvents

    AOC Announces EMEA Price Increase

    OQ Chemicals Increases Carboxylic Acids, Esters Prices

    Arkema Reports Full-year 2020 Results

    New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site

    Emerald Kalama Chemical Acquired by LANXESS
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Clariant Additives

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Siltech Corporation

    Eagle Specialty Products
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Keim Additec Surface USA LLC

    Clariant Additives

    Eagle Specialty Products

    Siltech Corporation

    Shepherd Color Company, The
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Expert's Opinion

    Equipment Lease Finance Industry Confidence Decreases Slightly At Year-end

    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.

    12.18.13
    The Equipment Leasing & Finance Foundation (the Foundation) released the December 2013 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 55.8, a decrease from the November index of 56.9, reflecting industry concerns over uncertainty regarding capital expenditures (capex) and competitive market pressures in 2014, among other issues.

    When asked about the outlook for the future, MCI survey respondent Anthony Cracchiolo, President and Chief Executive Officer, Vendor Services, U.S. Bank Equipment Finance, said, “The overall environment continues to be driven by uncertainty.  The equipment finance industry is stable with low single digit growth.  The industry is well positioned to address increasing demand when the economy improves evidenced by a higher GDP growth rate. There are no indicators currently that suggest stronger growth in the near term."

    December 2013 Survey Results:
    The overall MCI-EFI is 55.8, a decrease from the November index of 56.9.

    •             When asked to assess their business conditions over the next four months, 12% of executives responding said they believe business conditions will improve over the next four months, down from 17.2% in November.  78.8% of respondents believe business conditions will remain the same over the next four months, down from 79.3% in November.  9% believe business conditions will worsen, up from 3.4% who believed so the previous month.

    •             15.2% of survey respondents believe demand for leases and loans to fund capex will increase over the next four months, up from 13.8% in November.  78.8% believe demand will “remain the same” during the same four-month time period, up from 75.9% the previous month.  9% believe demand will decline, down from 10.3% who believed so in November.

    •             24% of executives expect more access to capital to fund equipment acquisitions over the next four months, unchanged from November. 75.8% of survey respondents indicate they expect the “same” access to capital to fund business, up from 72.4% in November.  No one expects “less” access to capital, down from 3.4% who expected less access in November.

    •             When asked, 27.3% of the executives reported they expect to hire more employees over the next four months, unchanged from November.  60.6% expect no change in headcount over the next four months, down from 65.5% last month.  12% expect fewer employees, up from 6.9% who expected fewer employees in November.

    •             6% of the leadership evaluates the current U.S. economy as “excellent,” unchanged from last month.  85% of the leadership evaluates the current U.S. economy as “fair,” up from 76% last month.  9% rate it as “poor,” down from 17% in November.

    •             24.2% of the of survey respondents believe that U.S. economic conditions will get “better” over the next six months, an increase from 17.2% who believed so in November.  66.7% of survey respondents indicate they believe the U.S. economy will “stay the same” over the next six months, a decrease from 72.4% in November.  9% believe economic conditions in the U.S. will worsen over the next six months, a decrease from 10.3% last month.

    •             In December, 30.3% of respondents indicate they believe their company will increase spending on business development activities during the next six months, a decrease from 34.5% in November.  66.7% believe there will be “no change” in business development spending, an increase from 65.5% last month.  3% believe there will be a decrease in spending, an increase from no one who believed so last month.


    December 2013 MCI Survey Comments from Industry Executive Leadership:
    Depending on the market segment they represent, executives have differing points of view on the current and future outlook for the industry.

    Independent, Small Ticket
    “The industry appears to be holding its own with new originations just slightly ahead of 2012 numbers.  Lack of clarity on the tax side as well as the continuing saga of Dodd-Frank make our world a bit uncertain.  New worries about the pullback of government stimulus make 2014 projections a bit tricky.”  Valerie Hayes Jester, President, Brandywine Capital Associates, Inc

    Bank, Small Ticket
    “There remains in the general market an imbalance between capex and capital liquidity.  While this is good for our industry in the short run, competitive pressures are driving spreads and credit standards lower in the long run.  This will present a challenge on those leasing companies that are ill-equipped to manage risk through the next downturn.” Paul Menzel, President & CEO, Financial Pacific Leasing, LLC

    Bank, Middle Ticket
    “I anticipate 2014 new business volume levels to be slightly better than 2013.  My rationale is very simple:  in 2013 most industries took a very cautious approach to capital equipment investment for both replacement and expansionary purposes.  In 2014 many industries will be forced to acquire new equipment to replace equipment which has exceeded its useful life.  It will simply be less expensive to acquire new equipment than to maintain existing equipment.”  Thomas Jaschik, President, BB&T Equipment Finance


    Why an MCI-EFI?
    Confidence in the U.S. economy and the capital markets is a critical driver to the equipment finance industry. Throughout history, when confidence increases, consumers and businesses are more apt to acquire more consumer goods, equipment and durables, and invest at prevailing prices. When confidence decreases, spending and risk-taking tend to fall. Investors are said to be confident when the news about the future is good and stock prices are rising.

    Who participates in the MCI-EFI?
    The respondents are comprised of a wide cross section of industry executives, including large-ticket, middle-market and small-ticket banks, independents and captive equipment finance companies. The MCI-EFI uses the same pool of 50 organization leaders to respond monthly to ensure the survey’s integrity. Since the same organizations provide the data from month to month, the results constitute a consistent barometer of the industry's confidence.

    How is the MCI-EFI designed?
    The survey consists of seven questions and an area for comments, asking the respondents’ opinions about the following:
    1.            Current business conditions
    2.            Expected product demand over the next four months
    3.            Access to capital over the next four months
    4.            Future employment conditions
    5.            Evaluation of the current U.S. economy
    6.            U.S. economic conditions over the next six months
    7.            Business development spending expectations
    8.            Open-ended question for comment

    How may I access the MCI-EFI?
    Survey results are posted on the Foundation website, http://www.leasefoundation.org/IndRsrcs/MCI/, included in the Foundation Forecast newsletter and included in press releases. Survey respondent demographics and additional information about the MCI are also available at the link above.
     
    Related Searches
    • dc
    • Business Operation
    Related Knowledge Center
    • Business Operation

    Related Expert's Opinion

    • Business Operation | Market Trends & Forecast
      Analyst Finds Silver Lining After PPG Industries (PPG) 2Q17 Results

      Analyst Finds Silver Lining After PPG Industries (PPG) 2Q17 Results

      ...
      Kevin McCarthy, Chemicals Analyst, Vertical Research Partners 09.13.17

    • Business Operation | Market Trends & Forecast
      Analyst Provides Key Takeaways After Mixed Results from PPG Industries

      Analyst Provides Key Takeaways After Mixed Results from PPG Industries

      Financial Strength vs. Lackluster Operations
      Kevin McCarthy, Chemicals Analyst, Vertical Research Partners 09.06.17

    • Business Operation
      Analyst Provides Takeaways from Sherwin-Williams (SHW) 2Q17 Results

      Analyst Provides Takeaways from Sherwin-Williams (SHW) 2Q17 Results

      Vertical Research Partners offers insight into 2Q17 results from Sherwin-Williams
      Kevin McCarthy, Chemicals Analyst, Vertical Research Partners 08.30.17


    • Business Operation | Market Trends & Forecast
      Analyst Insight on Hurricane Harvey Impact on Chemical Stocks

      Analyst Insight on Hurricane Harvey Impact on Chemical Stocks

      Hurricane Harvey's potential impact on commodity chemicals
      08.25.17

    • Business Operation | Market Trends & Forecast
      Analyst Looks at Soft 2Q17 Results from Sherwin-Williams Company

      Analyst Looks at Soft 2Q17 Results from Sherwin-Williams Company

      Analyst offers insight into a soft 2Q17 results from Sherwin-Williams Company
      Kevin McCarthy, Chemical Analyst, Vertical Research Partners 08.23.17

    • Business Operation

      Zurich Shares Six Tips that Support National Focus on Safety

      ...
      05.11.15


    • Automotive Coatings | Business Operation

      Quest Specialty Chemicals' CEO Says Acquisitions Top Strategic Growth Plan

      ...
      09.30.14

    • Business Operation

      Lease or Loan? What You Need to Know to Decide

      ...
      William G. Sutton, CAE, President and CEO, Equipment Leasing and Finance Association 09.11.14

    • Business Operation

      Five Essential Building Blocks for a Thriving Work Culture

      ...
      Adam Witty, CEO of Advantage Media Group 08.19.14


    • Business Operation

      Balance in Trade Deficit Necessitates Business Focus on Exports

      ...
      06.25.14

    • Business Operation
      Why An Identifiable Brand is a Small Business’s Biggest Asset

      Why An Identifiable Brand is a Small Business’s Biggest Asset

      ...
      Dan Antonelli 02.05.14

    • Business Operation

      Ten Top Supply Chain Initiatives for 2014 That Are Reimagining How Companies Conduct Commerce

      ...
      Kerry Pianoforte 01.15.14


    • Business Operation

      Promising Signs for Global Hiring Heading into 2014, According to Manpower Employment Outlook Survey

      ...
      12.11.13

    • Business Operation

      Successful CEOs Use Internal Communications to Shape Financial Performance, Says The Grossman Group

      ...
      10.22.13

    • Business Operation
      IBISWorld, Inc. Reports Fastest Growing Franchises in Home Improvement

      IBISWorld, Inc. Reports Fastest Growing Franchises in Home Improvement

      As the economy improves and residential market recovers, franchises in the home improvemnt sector are expected to flourish.
      10.16.13

    Trending
    • Hempel Announces Global Price Increase
    • Hempel Hires Global Head Of Renewable Energy
    • AkzoNobel Completes Titan Paints Acquisition
    • Nouryon Agrees To Divest Salt Specialties Business To Salins Group
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • Benjamin Moore Launches COMMAND
    • Nouryon Agrees to Divest Salt Specialties Business to Salins Group
    • IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion
    • Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash
    • AOC Announces EMEA Price Increase
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Mixing Equipment Directory
    • The Wood Coatings Market
    • Antimicrobial Coatings Market
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Study Explains Link Between Probiotic Strains and Children’s Immune Health Benefits
    Maypro Launches Brain Heatlh Ingredient NeuroHD
    Gadot Biochemical Launches New Magnesium Ingredients
    Coatings World

    Latest Breaking News From Coatings World

    Chromaflo Technologies Adds Benjamin Woeste as Territory Sales Manager
    Matt Fogel Named Mule-Hide's Territory Manager – Southern Virginia
    Benjamin Moore Launches COMMAND
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Ready Robotics Hires Proven Automation Leaders
    Philips, Disney Join Forces to Reduce Childrens' MRI Anxiety
    FDA OKs Asensus' Senhance for General Surgery
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Innoforce and dMed Enter Development Collaboration
    Matica Biotechnology Breaks Ground on Cell and Gene Therapy Site
    Four Female Leaders Appointed to Cell & Gene CDMO
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    BizBash Names Unfiltered Experience ‘People's Choice: Best Influencer Event’
    P&G Makes Progress Toward Packaging Circularity in Europe
    Coty Partners with LanzaTech to Introduce Sustainable Ethanol
    Happi

    Latest Breaking News From Happi

    Uoma Beauty Unveils a Coming 2 America Makeup Collaboration
    Coty Partners with LanzaTech to Reduce Its Environmental Impact
    Waterless Beauty, Simplified Routines Shape Clean Beauty at Whole Foods
    Ink World

    Latest Breaking News From Ink World

    Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Access Direct Mail Doubles Revenue with SCREEN's Truepress Jet520HD
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Fort Dearborn Company acquires Hammer Packaging
    Ashland announces PSA price hike in North America
    Arrow Systems and Sihl form flexible packaging partnership
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Joa Announces Expandable Absorbent Core Wrap Solution
    Principle Business Enterprises Celebrates 60 Years
    Mann+Hummel Invests in Pamlico Air
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Lincotek Medical Expands Coatings and Additive Capacity
    Spinal Elements Relaunches the Luna XD and Orbit Systems
    Coronavirus Triggers Double-Digit Revenue Dropoff at Smith+Nephew
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login