Today, the ELFA (Equipment Leasing and Finance Association) posted its monthly confidence numbers, which you can access here: Equipment Finance Industry Confidence Improves in July http://dld.bz/ahBwM. No matter whether you buy, sell, or finance equipment in your regular course of business, this data is useful to your understanding of today’s economic outlook.
…because when a business decides to take on a monthly obligation in order to acquire essential assets like equipment or software, ELFA tracks it through a diverse survey. This business, by purchasing assets for replacement or expansion, is exemplifying its ability to generate new sales or continue at current levels. In this sense, the ELFA monthly confidence index is a good leading indicator of where our economy is headed in the next couple of quarters.
Or, as ELFA puts it, “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.”
The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that provides vision for the equipment leasing and finance industry through future-focused information and research. Primarily funded through donations, the Foundation is the only organization dedicated to future-oriented, in-depth, independent research for the leasing industry. Visit the Foundation online at http://www.LeaseFoundation.org.
You can also follow ELFA here:
Facebook: Equipment Leasing & Finance Foundation
Linked In: http://www.linkedin.com/groups?gid=89692
Did you find this information useful? Either way, we would love to hear from you. Post your comments below or call me at 512-458-1300, ext234. Thanks for checking us out!