Confidence drops in equipment-leasing industry

11/21/2012

The Equipment Leasing & Finance Foundation's Monthly Confidence Index for the Equipment Finance Industry declined to 49.9 this month, compared with 53.3 in October. The drop reflects post-election concerns, including the "fiscal cliff." Of survey respondents, nearly 70% think business conditions will stay the same during the next four months, compared with 74.3% in October. "The business community is waiting for positive signals from Washington before making additional investments," BB&T Equipment Finance President Thomas Jaschik said. "Investments in capital equipment and equipment financing will remain stagnant until such time." Read more.

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