Equipment Leasing and Financing Association

Volume for March index up 26 percent versus February

ELFA equipment leasing index made gain on year-over-year basis for February, though year-to-date for 2021, down almost 4% compared to start of 2020

Equipment Leasing and Finance Association’s (ELFA) index for October down 9% year-over-year but up 6% month-to-month

GDP growth for 2020 is forecast between -3.8 and -4.8 percent, according to the Q4 update to the 2020 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.

August new business volume down 24% year-over-year, 23% month-to-month, and 4% year-to-date

Overall, confidence in the equipment finance market is 56.5, an increase from the August index of 48.4.

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index also showed volume was up 3% month-to-month from $8.9 billion in June.

Overall, confidence in the equipment finance market is 48.4, an increase from the July index of 45.3.

New business volume data follows unchanged Equipment Leasing & Finance Foundation’s Monthly Confidence Index.

Index increased to 45.8, up from the May index of 25.8.

While optimistic for a ‘V’ shaped economic cycle if the health crisis is first solved, some fear a prolonged shutdown will create business failures, more unemployment and unprecedented losses in the equipment finance industry and beyond.

Trade, innovation, elections and wild cards promise an eventful year for equipment investments.

Equipment and software investment likely to post weakest year of growth since 2016 following the first annualized contraction in more than three years in Q3.

Although a recession in the next six months appears unlikely, business conditions for the equipment finance industry are also unlikely to improve materially over the rest of the year, particularly for equipment verticals that serve the manufacturing sector.

Business conditions for the equipment finance industry softened in the first half of the year, and investment growth in several key verticals is expected to slow or contract in the second half of 2019.