Confidence in the equipment-finance market dropped slightly between February and March. The Equipment Leasing & Finance Foundation's index reached 58 last month, compared with 58.7 in February. Nearly 22% of industry professionals surveyed think business will improve in the next four months, up from 20% in February.
Confidence in the equipment-finance market has dropped to a reading of 58 this month, down from February's 58.7, according to an index by the Equipment Leasing & Finance Foundation. The result indicates a stabilization of optimism, after the index rose for two straight months, analysts say.
A currency-swapping arrangement among leading central banks that was due to expire Feb. 1 is being extended another year. The European Central Bank, the Federal Reserve, the Bank of England, the Swiss National Bank and the Bank of Canada are participating, while the Bank of Japan is considering joining. The idea is to make sure each bank has quick access to the currency it needs as the world continues to wrestle with consequences of the financial crisis.
Confidence in the equipment-finance industry increased this month, according to the Equipment Leasing & Finance Foundation. The Monthly Confidence Index for the Equipment Finance Industry reached 61.7, compared with February's 59.6.