Equipment Leasing & Finance Association
Equipment leasing total $8.3 billion in January, a 2% increased to the same period in 2021.
December new business volume down 3% Year-over-year, up 49% month-to-month, and up almost 9% at year-end
The ELFA reports September new business volume is up 6% year-over-year, 8% month-to-month and 10% year-to-date.
August new business volume up 21% year-over-year, down 14% month-to-month, and up 10% year-to-date
Annual equipment and software investment growth of 13.3% is forecast for 2021 as manufacturing demand remains very high.
The Equipment Leasing & Finance Foundation released the June 2021 Monthly Confidence Index for the Equipment Finance Industry.
Confidence in the equipment finance market jumped almost five points to 64.4 in February thanks to high demand due to the COVID-19 pandemic.
General confidence in the equipment leasing industry stayed steady in November with an index of 56.1, which is a slight increase from October.
The equipment finance market's confidence dropped to 55.0 in October, as concerns about the economy's long-term health remain due to the COVID-19 pandemic.
Confidence in the equipment finance market jumped to 48.4 in August according to the Equipment Leasing & Finance Association (ELFA).
The ELFA's monthly report shows overall business volume is down 3% YOY, but confidence is rising in spite of potential COVID-19 challenges ahead.
The Equipment Leasing & Finance Foundation's monthly confidence index dropped more than 50% in April due to the COVID-19 pandemic and the economic shutdown.
The ELFA reported a drop of 26% in business volume in February as concerns about coronavirus and its impact on manufacturing take hold.